Many of the rapid shifts in the market are more linked to an overheated, extended bull run built on debt and stock buy backs than just the short term steps taken to avoid a potentially high epidemic case load.
There are endless reports of businesses that will fail in days, but any business running that close to the edge is either under capitalized or over leveraged or has insufficient margins - or all three.
Trying to avoid a very high caseload seems like a smart idea, even if it causes a temporary disruption.
“but any business running that close to the edge is either under capitalized or over leveraged or has insufficient margins - or all three.”
freeandfreezing
“I can’t be responsible for every undercapitalized entrepreneur in America.”
Hillary Clinton
The biggest losers are going to be small and midsized companies that don’t even list any stock on the exchanges.
Really? So how long should a business stay closed and be able survive? All the while closed still having to pay their employees and other necessary expenses?
Trying to avoid a very high caseload seems like a smart idea, even if it causes a temporary disruption.
"Temporary disruption"? LOL