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Out Of Adjectives.
US equities surged nearly 15% from Tuesday morning through late afternoon trading in New York on Wednesday, an astounding two-day move that again speaks to the unprecedented nature of recent market developments.
Gains were tempered into the close after Bernie Sanders threw a bit of cold water on things by suggesting he'd "put a hold" on the virus relief package if some GOP senators don't soften their stance on unemployment benefits.
"Unless Republican senators drop their objections to the coro
With 2M new claims tomorrow, somehow I don’t think it lasts. But that’s me.
Sure glad I’m not in HYG.
IMHO, the Unemployment claims tomorrow will be significantly understated because systems are crashing and people can not file claims.
As I said before (2008-9 ) ‘ next time this happens you can run but you can’t hide…’ This may well be true as I see no safe haven…..I remember my Mom lighting a coal stove with paper money when I was 5 years old , and my Dad saying the best he had was his Education (PHD’s ) Life is good though !!!
George, I like you comments but really? Lighting a coal stove with paper money? So, you’re telling us you were a kid in Germany sometime after WWI, eight or nine years or so?
Those spreads are still concerning, and with Ford just downgraded to junk, you have to wonder what kind of wave of downgrades is coming.
I wouldn’t be surprised if half the huge pile of BBBs went the way of Ford. The question is, so what?