News: ANZ Australian banks well capitalised to withstand virus disruption, page-176

it feels like we are getting to the bottom, BUT there’s still 25-30% to go. I do think it’s good to start emptying the war chest BUT there’s likely to be a few more tough days ahead.
Some things likely to hit hard
- Bigger hits in US & Europe, Trump sounds like he is happy to have a few million deaths on his hands.
- Super sellout in April & July $50b-$100b hit
- Full lock down, all schools & non essential business, could happen within 3 days.
- Full year corporate announcements
- Business closures
- Collapse of the property market
- Government releasing data I.E GDP, unemployment etc
- Forced selling, larkins without jobs/income with exposure to way too much investment may be squeezed into the sell.
I think the market is close to worst case, but could have a little V drop shortly. 5 weeks into the decline of XAO, this kind of event should be a minimum 3 month collapses. But for the ones that are in a position to buy, sponge away.