Markets were down this morning giving back some of the recent huge rally but the DOW is currently down about 700 points while it was down closer to 1000 points earlier.
Possibly it will get a boost when the House passes the stimulus bill but perhaps not given that the passage is probably already completely assumed.
Thinking of possible bargains I picked up some RioCan shares at $15.80 today. It has a strong balance sheet but of course faces the uncertain prospect when mall shopping will return and what vacancies it might face. It is diversified across all the biggest cities in Canada. Checking its web site it does not seem to have commented on the current virus / shutdown situation.
P.S 11:40 eastern
I also bought just a small amount of VISA at about $160.
I see Trudeau just announced wage subsidies of 75% for small and medium sized businesses. Most businesses on the stock exchange and on our list may be too large to qualify.
Perhaps a big beneficiaries here would be lenders and landlords of all types since people are still getting money and really should not be missing loan payments in too many cases.