nope, not even close. they were bound to collapse, their long exposure with triple A mbs showed how much risk they were taking, it would've took them weeks to get the tranches of their books. All they needed was someone watching combined with a good cdo manager. This one is different. It only took 19 trading sessions to get to a bear market, combined with an unprecedented amount of QE and helicopter money, rates at zero, shuffling positions at IMF, and share buybacks cancelled till the 2nd quarter. This comes to no surprise, but what does come to surpise is how fast all of this took place.
markets will sink slowly that is the best that can be expected. even if the virus disappears to morrow ……….is the markets liquid enough to recover these losses
I only read charts and charts still say it is possible. but fundamentals are so bad...……. but we have one sided markets right now and I have seen markets go the other way, when everyone is on one side. this fall was expected but the sheer strength of it was not. but fast falls in bull markets are corrections. if the fundamentals have not changed which in this case it has.