Time To Go Fishing

by MoneyFlows Staff All, Members Only

Fishing is boring 98% of the time. The other 2% is where the memories are made. What we are witnessi...

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MoneyFlows Staff
MoneyFlows Staff
The MoneyFlows Staff are the true heroes of our firm.

2 Comments

What do you think about LYB? Today 3/16/2020 it dropped 25% in one day. $34 per share. Not sure why so much downward pressure compared to similar companies in the same category. The others are down 10% or so.
Hey Peng - We are in very interesting times indeed. There is a liquidity crunch happening in a very big way for the market. So, "why" something happens usually has more to do with liquidity rather than anything fundamental. LYB has a decent amount of debt (like other chemical names) and that will put pressure on any company faced with uncertainties like we as a globe are facing. Any companies with a load of debt are getting the hammer. Many outperforming stocks are seeing massive selling. That tells us that most of this action is a liquidity trap. The good news is this meltdown will pass, eventually. Don't give up! Find great companies and pick your spots. We are waiting for the big selling to slow - it will at some point.

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