Originally Posted by
detpilot
I have a great idea... Let's spend a few billion of our cash to buy back stocks now that they're cheap! I'll stand by for my management position...
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Better off to buy airline debt. The Fed announced Thursday they are buying junk bond funds, to shore up the underlying debt that has been recently downgraded.
This is the 2020 equivalent of the 2008 bank bailouts. As a result junk bond ETF’s went up 6% in one day! ALL In Boys. The money machine is open.
https://www.marketwatch.com/story/de...ars-2020-03-24
https://www.reuters.com/article/us-u...-idUSKCN21R2HC