My personal view is that we are far from seeing the bad news play out. I still expect to see some major bankruptcies. Although liquidity does not appear to be problematic at this time and interest rates are extremely low, the demand destruction is going to put severe stress on some companies.
I’m a bottom fisher who generally waits for the market to come to me. Buying low is absolutely essential given all the risks inherent in equities and the vagaries of the market. JMHO.
You are my kind of man. :) I feel the same way which is why I can’t invest in Netflix or such with huge PE ratios. I missed out on a double with IPL.TO International Pipelines. But a pipeline with 80% of its revenue tied to Alberta oil sands could theoretically be work nothing. Never been an oil stock investor but learning some things. Somehow the oil stocks seem to move BEFORE the price of oil. Strange.
Yes, I see much of retail to fold. One problem is many may have gotten use to relying on Amazon and won’t go back to brick and mortar.