dreamshake
06-05-2020, 05:03 PM
Blood is all over the streets of America with the Floyd protests. Businesses have been hit with not one but two punches (coronavirus, looting and destruction). The US has lost 40 million plus jobs. People still getting furloughed on and off. Businesses are hesitating to hire as the loans dry up and they weigh the financial damages done. No coronavirus vaccine.
Yet fools continue to buy into the stock market as if nothing bad happened this year. The correction is coming folks, and it's gonna be an ugly reality once people start to come back down to earth and face it.
Companies that already went bankrupt
JCPenney
Neiman Marcus
Hertz
J Crew and a bunch of other retailers
Three airlines
Whiting Petroleum
Ultra Petroleum
Chekaspeare energy
Frontier communications
Soon to be
American Airlines
Spirit Airlines
United Airlines
Carnival Cruise Lines
Real Estate Trusts which have not received rents from tenants and continue to lose occupancies. Shopping malls are the hardest hit, then shopping centers, etc.
Yet fools continue to buy into the stock market as if nothing bad happened this year. The correction is coming folks, and it's gonna be an ugly reality once people start to come back down to earth and face it.
Companies that already went bankrupt
JCPenney
Neiman Marcus
Hertz
J Crew and a bunch of other retailers
Three airlines
Whiting Petroleum
Ultra Petroleum
Chekaspeare energy
Frontier communications
Soon to be
American Airlines
Spirit Airlines
United Airlines
Carnival Cruise Lines
Real Estate Trusts which have not received rents from tenants and continue to lose occupancies. Shopping malls are the hardest hit, then shopping centers, etc.