Where from here
after the wave of div. cancellations lately
i won't be rushing to buy anything ( well maybe some BBUS )
Are these stimulus packages eating up capital before it exists, leading to a recession or depression, meaning borrowing by companies/businesses extremely difficult in order to develop/perform, even if the corona-virus has been brought under control in the next 6 months.
Or is it a likelihood the virus will be under control in 6 months with remedies/cures in place and any company capable of activating/producing at the end of 2020 as a good buy now, particularly if it is a speculative stock about to come into production.
Will the market be a slow crawl back through a recession or will it be a bounce recovery without to much damage done ?
i wasn't alive in the last global depression , but the stories i have heard from those that were , suggested it was not a carefree time ( rations for bread , butter , meat and much just not available through legal sources )
will the next one ( depression ) be worse , it will certainly feel like it .
imagine a world with rationed fuel , and trying to find coal along railway lines for winter heating , i imagine mobile phones will work perfectly so they can keep track of everyone )
AWESOME , now the rest of the newly unemployed can try to join , still might not calm down until after the weekend
Weekly jobless claims surge to a record 3.2 million.
Published: March 26, 2020 at 8:43 a.m. ET
U.S. stock-index futures briefly pared losses Thursday morning, but were still holding sharply lower, after a report on weekly jobless claims came in at a record level, reflecting the temporary closures of businesses across the nation due to the coronavirus outbreak. The number of Americans who applied for unemployment benefits last week rocketed to a record 3.28 million, according to the most recent report, from 282,000 claims in the prior week period.
Now that's a bloody huge one week percentage increase. Imagine the numbers in a months time.
Great depression mark 11.
any views on the big spike on the close ( or after market )
normally you would expect that tomorrow ( end of the month , if fund managers at work )
been an interesting month so far ( maybe even legendary in a decade's time )