Whilst US equities remain significantly lower (new intra low sp'1833), Chesapeake Energy (CHK) have issued a denial that they are set to file for bankruptcy. The broader trend is clear though, as is the case for a rather large number of oil/gas/mining stocks.
What else would CHK do this morning? I can't blame them, they must be overwhelmed with incoming calls from some clients concerned that they are about to implode to zero.
Regardless of CHK though.. the bigger issue is how will the market cope when some of these mid tier listed names file this spring?
Further, what are implications for a few of the financials, namely Deutsche bank?
DB is a clear system threat to the EU, already trading below the collapse wave lows of 2008/09 when it really did seem it was the end of the financial world.
VIX update from Mr T.
time for lunch :)