This is the moment when yield-chasing turns into a massacre.
Triggered by the belated realization of the risks in mutual funds that offer daily liquidity but invest in illiquid assets.
Chapter 11 bankruptcy that wipes out shareholders is the correct solution for collapsing share-buyback queens. US airlines already know this from experience. It works.
A gigantic spike at the very end after two of the craziest trading days I’ve seen. Here’s how my trades went. But that’s it for me. I’m staying out of this market, it’s just too crazy.
The Fed is going nuts trying to contain this.
Holy moly, that’s fast. Too fast. Desperate Fed rolls out biggest bazooka yet.
Of immediate concern is how much cash Boeing is burning due to the 737 MAX fiasco and now the coronavirus, and how much cash it can pile up to avoid a liquidity crisis.
Hard to feel sorry for the victims of these hilariously obvious pump-and-dump schemes, but they sure got their pockets cleaned out.
At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Wow, what a day, what a week, what a 15-minute spike at the end!