Stocks Fall
-0.75% today
Giving up early gains
+22% since January
Oh man guys, the amount of over-leveraged companies out there is insane. One of my competitors is going out of business with nearly 100mil in debt. They probably gross $25m per year. My suppliers tell me anytime a competitor asks to increase the payment terms. One large co. requires a net 1 year on the parts they order now. The system is cracking.
Yeah, we don’t provide terms anymore. I tell my clients straight up we’re not going to be left holding the bag when they go out of business, and when they start kicking and screaming I have a long list of former clients who already went out of business I can show them and fall back on.
If they don’t have the cash on hand I advise them to get a loan. Just… from someone else, alright?
Morgan teflon Stanley is advising getting the fuck out of the US stock market.
That’s good advice
They’re already back up. Every slight fall is all doom and gloom, and then the next day it’s reversed.
I remember that game! GTA San Andreas, on PS2!
I remember it because I’m a millennial!
Also, shit’s fucked financially.
