Why hasn’t the stock market collapsed, yet?

  • CNBC did short documentaries exploring the impact of the lockdown measures on restaurants, airbnb, events, and the airline Industry. The documentaries painted a gloomy picture of the survival of many companies that might not be apparent. But as Warren Buffett states ‘only when the tide goes out do you discover who’s been swimming naked’. It is when the impact of this prolong slowdown in economic activities starts biting, when companies begin to fall short in their obligation, when bankruptcy filings increase, that is when the real scramble for safety would begin…and the market will truly bottom out.

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