Thursday, 19th March 2020
Observations from the sidelines of financial Armageddon….
Okay, we all know the score….
Even folk who don’t ordinarily follow the markets know exactly what’s been happening in the markets – a surefire indicator of unfolding chaos, havoc and carnage….
Just a few short weeks ago stocks were flying at record highs. But the market has had a drastic and swift rethink….
COVID-19 has stimulated a global sell-off of unprecedented proportions….
- Financial Armageddon….
The crash we were expecting here at MT finally materialized. Not quite how we thought. But that’s how Black Swan events work….
Nobody sees or hears the Black Swan event coming. That’s what makes it so devastating. It comes out of clear blue skies with destructive force, lightning speed and the utmost stealth….
Stocks aren’t worth anywhere near what they were a few weeks ago. Nor are the companies that underpin those stocks. Stockholders are not as wealthy as they had previously believed….
About half-a-trillion pounds has so far been wiped off the value of FTSE 100 companies….
Global losses run into trillions. It’s been the financial version of Armageddon for funds and private investors with money in the markets….
- An instructive period….
But, of course, you already know all this….… Click here to read more