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Economy

Warpy

(111,245 posts)

2. Tech stocks are seeing a correction

Reply to BlueWavePsych (Original post)

Sat Sep 19, 2020, 11:03 PM

Sep 2020

More worrying are the corporations that were offered an ocean of cheap debt last spring and who used it to buy their own stock in order to pump the price back up. I'm afraid Exxon isn't the only one that will be delisted, reclassified as junk because of a high debt load and poor earnings.

There are several debt bombs all primed. Corporate debt is one of the more worrisome.

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Highlight:

Stocks Are Falling Into Fall [View all] BlueWavePsych Sep 2020 OP

S&P 500: down 7.3% from it's Sept 2 all time high, but still up 2.7% YTD progree Sep 2020 #1

Tech stocks are seeing a correction Warpy Sep 2020 #2

These Kinds Of Markets Kill You: Pal BlueWavePsych Sep 2020 #3