HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » 30 Reasons Why Stocks May...

Thu Sep 17, 2020, 05:29 PM

30 Reasons Why Stocks May Fall Further

  • Stocks are increasingly dealing with technical resistance.
  • Fundamental weakness is a problem that dates back long before the onset of COVID-19.

  • https://seekingalpha.com/article/4374997-30-reasons-why-stocks-may-fall

    3 replies, 518 views

    Reply to this thread

    Back to top Alert abuse

    Always highlight: 10 newest replies | Replies posted after I mark a forum
    Replies to this discussion thread
    Arrow 3 replies Author Time Post
    Reply 30 Reasons Why Stocks May Fall Further (Original post)
    BlueWavePsych Sep 17 OP
    empedocles Sep 17 #1
    BlueWavePsych Sep 17 #2
    Warpy Sep 17 #3

    Response to BlueWavePsych (Original post)

    Thu Sep 17, 2020, 05:33 PM

    1. DJIA, et al, have refused to confirm new highs

    Reply to this post

    Back to top Alert abuse Link here Permalink


    Response to empedocles (Reply #1)

    Thu Sep 17, 2020, 05:35 PM

    2. A negative Friday close is usually followed by more pain on Monday.

    Reply to this post

    Back to top Alert abuse Link here Permalink


    Response to BlueWavePsych (Original post)

    Thu Sep 17, 2020, 07:45 PM

    3. I'm sitting on my shopping money

    because too many large corporations are in an untenable position right now, offered easy credit last spring, they swamped themselves with debt and used it mostly to buy back their own stock to try to pump the prices. Exxon has been delisted, it is now rated as junk because of its high debt load and poor earnings. A lot of other big companies are very likely to follow them off the boards. They can't dump their stock to lower their debt load because that will crash the price and the executives and major shareholders will hear the wolf at the door. Their earnings aren't adequate to pay down the debt and pay a token dividend and if they don't do the latter, their small shareholders will start to dump stock to make ends meet, and that will crash the price.

    I honestly don't see any way out of this corporate debt bomb and when it goes off, it will take nearly everything with it.

    Debt is toxic. Greedheads forgot all about that.

    Reply to this post

    Back to top Alert abuse Link here Permalink

    Reply to this thread