Everyone think about the market bottom once peak cases of coronavirus has arrived.
But, have you thought about the implosions of companies due to cash flow? How many companies are like AAPL can close the stores for 1 month and still come out healthy? I last heard SPX has 17% companies with bonds rated JUNK.
With oil price plunging, most economic activities halted, small / medium and some large companies are living hand-to-mouth , and all are 1 month cashflow from bankruptcy.
And their debt tied to CDS , another time bomb.
When you buy into SPX thinking bottom has arrived, then comes the news of multiple Lemon-Brothers implosions. Wait for it. ... Oh, it's Lehman. 
