“Talk about Groundhog Day.......”
Well if it’s Groundhog Day every day until the crisis is over then you should consider yourself very lucky. The idea at this stage shouldn’t be to stimulate the economy but to protect what there is.
There would be no point in stimulating a corpse. lol
Half the World doesn’t have many bullets left. They were used up years ago. Remember, the US is primarily a domestic market with its foreign earnings in dollars. If the dollar gains too much strength think what effect it would have on the US and Trump’s future election chances.
Unfortunately, there are some countries around the world who do not like the idea of further market intervention and others who simply cannot afford the risk because of their own dire balance sheets. In my opinion this could eventually go t*ts up again unless the root cause is addressed.
BT?
I wouldn’t worry about the downside risk. You won’t lose your shirt, but you may not get your coat back for some time. lol
BT appear to have the habit of both annoying and surprising their ‘loyal’ investors in equal measures. The company itself won’t care as they are hardly likely to be Railtracked.
But then what do I know? Or care for that matter.
I’ve got another bottle of Malt to win.
Au revoir.
“You will have to explain that one to me.....”
I think the markets would rather everyone just buried their heads in the sand for 10 minutes while the clocks are reset back to 2009. Lower interest rates; pump in more money; ad infinitum. You can’t keep pulling the same old trick, but who cares? As long as the wheel keeps spinning, the players keep playing and the house keeps winning then that is all that matters. Otherwise it gets too political, and governments don’t like to be seen as impotent in the face of a crisis. The markets understand that.
fleecy
“the rally just doesn’t make sense to me”
It makes every sense to me. The present crisis facing world markets was created in 2009. All covid -19 has done is open Pandora’s box sooner than the market expected.
“Will the share price ever recover?”
A cynic might say that it has recovered- to a more realistic valuation.
A more cynical me might suggest that the market wants to force the Fed to cut rates, and this crisis might be its way of doing it.
“ do you think the Board are all in some opium den just chilling while their company falls to multi year lows.?”
I doubt whether they have the slightest concern as there is nothing they can do about it.
It’s part of their dna.
I wouldn’t worry too much about the downside risk from here. BT has weathered more market collapses than most and is still hobbling along. In any event, I doubt whether the BOD are even aware of the current situation. lol