Lance Roberts: Risk Limits Hit, When Too Little Is Too Much
Wall Street estimates are still in fantasyland.
18 March 2020 - 07:48
Wall Street estimates are still in fantasyland.
On 9 March 2020, the Dow set a record by falling 2013 points. On 12 March, it beat this record with a 2352-point fall. Then, on Monday, it went into freefall, plummeting by 2997 points, or 12.93% on the day.
"Boris Johnson’s penchant for new infrastructure schemes is to say the least, fortuitous."
"All major U.S. banking stocks fell by double-digit percentages during Monday’s session."