Oddly enough, equities took a hit,  but remain positive,  tho well off their earlier highs.

A little oil rally & could this finally be a day where the winner survivor & loser companies start to sort out?

You said something about the winner and loser Co.s will sort out

There is another type of Co. whose foot print is much larger than the oil Co.s

Yes the oil industry is large and some banls will ned a bail out due to oil patch exposure

In fact a I think one bank may have already received funding but don't hold me to this as my memory may not be as good as it once was

Anyhoo

The Co.'s with a much larger foot print are the zombie Co.'s that have been living on borrowed capital in the form of bonds issued by the Co.

These Co. have used the bond money to issue dividends and buy backs

Their cash flow will not be enough to pay the bonds when maturity arrives

They are being down grade, many to junk bonds status

Unless they can find buyers for high yielding junk bonds they will collasp

I think in the weeks, months ahead many of these zombie Co.s will not find buyers to roll over debt

The oil patch Bk plus the many zombie Co's BK mean a lot of lost jobs

One of many reasons why a depression is likely coming our way

It will not happen in a week or two but is coming

When I don't know, but sooner than I was told when just a kid

Hasn't happened yet and if I followed some people's advice I would still be waiting for a depression, I suppose

Blind squirrel will find a nut some time

Looking back the two severe crisis we had a person should have seen it coming

But everybody said would never happen, but it did

This one will be worse than any since I can remember 

Sounds a bit mystical, but yep. bond downgrades - esp since the rescue is limited to investment grade bonds - could definitely trigger a run.