Everyone has their eye on the wrong thing news events i.e., Corona instead of letting the markets tell them what to do. Rusty you will do fine will not be right 100% your edge is your a true technician since you use price i.e., moving averages
The devil 666 is in the details Where was the S&P 11 years ago around this date.wolf this will not do, coming from you
in these troubled times we are expecting nothing less from yourself than a full inter-planetary quadra-galactic astronomical book of revelations
We're looking at a 5% death rate in rich countries, heavily skewed older.Oil is already suffering, demand falling, oil price dropping like a rock, major oil producers struggling.
If the world is really going to hell and millions dying what makes you think companies will continue to pay dividends?
Lots of bad information out there.So much conflicting statements on the virus. I just heard on the news the virus is difficult to catch, isn't airborne and only lives a few minutes on surfaces.
Yesterday, I heard the virus is easily transmitted, can be airborne for some distance and can survive for days or weeks on a surface.
Small wonder people are panicking.
Sure. Lots of them. Especially the big dividend payors. They are and always have been a ponzi scheme waiting to blow up.I don't remember what happened to oil stocks/companies when a drop like this happened during the Guf War. Mind you that was for a different reason, but if this lasts for a few months are any canadian companies in the oil sector likely to go under?
I think the big investment houses with good access to capital are going to have a field day.That was long winded way of saying yes, if it lasts a long time, a few if not many energy companies will go bankrupt or get diluted to almost nothing by issuing stock at very low prices to meet debt and operational needs.