Since 1929
Selloffs of 35% with an 85% recovery within 74 days
has only happened ONCEOther selloffs have Average 1.5 years and
only happened 7 times in nearly 100 yearsSo yes this is the stupidest market you will ever see 😘@DiMartinoBooth @agurevich23 @OpenOutcrier
— Reminiscences of an American Capitalist (@4Awesometweet) June 8, 2020
If Twitter files bankruptcy the stock will get to $100 …to be honest maybe they should file a social bankruptcy. Why am I not running Twitter 🙂 https://t.co/rocZPVQio6
— CNBCq (@howardlindzon) June 8, 2020
crazy watching some of the low $ priced stocks Robinhood is buying scream at the same time the bonds say a default is coming.
— Steve Peterson (@AMKcm) June 8, 2020
In terms of industries in the @lcdnews index, #retail was unsurprisingly the biggest contributor of defaults in May, at 27%. Telecommunications came in second at 23%. Over the last 12 months, oil and gas leads with 20% of all loan defaults. https://t.co/xtemL1YYst pic.twitter.com/OFH4X5Tczz
— S&P Global Market Intelligence (@SPGMarketIntel) June 8, 2020
BB rated junk bonds have entirely erased March losses and the index is at a new record high. the Fed's a buyer, but fundamentals are vastly worse than in February@TheTerminal pic.twitter.com/nzy1NQQwvs
— James Crombie (@jtcrombie) June 8, 2020
'The economy is facing a cash-flow problem and a potential wave of bankruptcies looms. Because it may take time to safely restore economic activity given the threat of infection, what ails the economy can’t be solved solely by boosting demand.' https://t.co/lXJ2zaGzzJ
— Jesse Felder (@jessefelder) June 8, 2020
'In late April, more than 17% of mothers reported their children under the age of 12 were not getting enough to eat because the family couldn’t afford enough food — a more than 400% increase from when the government last measured hunger rates in 2018.' https://t.co/LuM8UJC967
— Jesse Felder (@jessefelder) June 8, 2020
S&P 500 up 45% since the Fed announced these barely-used 8 'emergency programs.' Proof just carrying a big gun is all you need.
The menace/threat is now a permanent feature, will distort markets, all markets, for a very long time. The gun's there loaded, it's not going anywhere https://t.co/LY2JYtpjns
— Rich Kleinbauer (@RMKOutFront) June 7, 2020