There still hasn’t been a major bankruptcy.
On the first trading day, all heck breaks loose.
Leading indicator of trade, economic growth, and geopolitical instability.
It would set off a huge chain of events.
Massive destruction of value can happen in this sector.
Businesses get “crunched” in the Oil Patch, consumers lose it, indexes hit Financial Crisis levels.
At first, there was hope that only the oil patch would get hit.