Maybe he thinks people are still being greedy at the current prices. I kind of think that. People want to ride back up like it’s 2009 or something. It got too low then. Half it’s peak or close to it. This time though it might actually be justified.
competely disagree. The banks and corporations are far better capitalized then 08 and the govt is taking far more intelligent steps to avoid it. Most of the unemployed workers will be immediately rehired when the economy reopens.
I hope you’re right. But what if no one wants to engage in economic activity because there is a killer virus. Those balance sheets might look pretty in April. They are going to be on life support by September if everyone sits at home.
The Federal Reserve might bailout junk bond status businesses for the first time ever. We didn’t truly pop the bubble in 08/09. We just pushed it down the road.
question is if this is a permanent change in consumer behavior or a temporary one. Obvious a vaccination ends all concerns
I think he’s just referring to the fed decision to - for what I think is the first time - buy high-yield bonds, through BB- but only if the downgrade from investment grade happened recently.
good lord. $10 a barrel? Am I reading that right? Does it actually come with a barrel? Cheaper than buying a barrel. I'LL TAKE ONE!