Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring wi
Who isnt . Who needs a miracle . Thats what it comes down to in the age of the coronavirus including today where the dow rebounded 1,167 points the s p surged 4. 9 . And the nasdaq pulled up 4. 95 based on the hope that federal government stimulus could offset the sudden slowdown were getting in the economy and beat the demand shock caused by the coronavirus. So how do you pick among the rubble now that were bouncing too you think the stimulus may be too little, too late . Which is the judgment i have heard all day. Some people are skeptical. First for all intents and purposes, the market is not working. Thats all you can say well, how about that these violent swings, what are they a sign of they are a sign of sickness. Its unhealthy they tell us people are scared and theyre far too few players, too many investors, too many guys with machine guns for stocks to be able to handle the impact of that fear. It doesnt help the tail wagging the dog. The market just cant handle all this algori
A 7 year high as investors flock to safe haven assets to the buyers go price increased by 19 percent and has continued to surge these 1st few months of the year not least because of anxiety over the operating asian stocks fell sharply today with the japanese yen hitting a 10 month low. At over to the frankfurt so hes changed the conrad blues and again were seeing some very bad numbers were going to see an amazing recovery of sorts sometimes. While at least the traders here are confident that as soon as the coronavirus can be contained there is reason to be upbeat today Economic Data from germany was updated the purchasing managers for index for the Manufacturing Sector managed to rise you know many analysts have predicted another slump of this index so i think its fair to say without the coronavirus the German Economy would continue on its path upwards. What about the g 20 finance ministers theyre meeting this weekend is there anything they can do to ensure things are kept under contro
Stocks after the worst day for the averages in two years . Does it make sense to bail on the market when the dow just plunged 1032 points, s p 500 plummeted 3. 35 , and nasdaq nose dived 3. 17 is that the right thing to do or should we treat in melt down like a buyable pull back honestly, it depends on five factors. So lets check them down one, do you have enough cash to buy or do you need to borrow to make that happen if you dont have a decent amount of cash on the sidelines, you shouldnt do any buying. Do some selling in a moment of strength history suggests we could bounce tomorrow take advantage of that lift, do some selling promises are not going away. Look at your bank account, do you need that money in the near term, say the next 12 to 18 months, if you dont think youll need it and you havent bought anything yet, then i think it makes plenty of sense to start putting that cash to work but only if the market gets hit again. Do not buy a rally please. Get a rally, you missed it it