Lehman Brothers And Stock Market Crashes
In terms of the earnings season, so far, most Wall Street stock has beat their estimates. Another clear message companies have been reporting up to now is that though the worst may be behind us, the future continues to be unsure. This uncertainty means a more prolonged restoration path for the U.S financial system, the U.S labor drive, and client spending.
This is more likely to trigger poor earnings reports, and poor share price performance. So yes, I would say earlier than the summer time is out we’re going to see another stock market crash.
While nobody may’ve predicted the virus, many analysts believed a stock market crash was coming. The value of oil had been dropping for years, however then it came to a crashing halt, with Russia and Saudi Arabia creating an oil value warfare with the Organization of Petroleum Exporting Countries . A lot of traders have been wondering whether or not one other stock market crash will happen.
Yet regardless of the close to-endless torrent of bad news, the stock market has been resilient — even downright defiant. But a market crash — while maybe inevitable — won’t be the disaster you may think.