This Isn’t a Great Depression — Gigantic Rebound Ahead
With a few exceptions, the past 10 years have been a relatively calm and prosperous time for the markets.
That makes it easy to forget just how volatile stocks can be when there’s a crisis.
But for all of the past bear markets, there’s no one who says: “I wish I sold my stocks in the middle of the bear market.”
Everyone says: “I wish I’d bought more stocks during that bear market.”
In today’s 16-minute Market Insights video, my colleague Jeff Yastine and I explain why you absolutely need to take advantage of the gigantic rebound that’s ahead.
Every Day Gets Us Closer to the Recovery
Jeff says: “I think that what we’ll see here is sort of a bottoming out, which I tend to feel is actually happening right now. I wouldn’t doubt that we see maybe a bounce and then a retest in a month or five weeks from now, something like that. But really, every day that goes by from here on is another day that gets us closer to the recovery.”
It’s a Great Time for Acquisitions
In today’s video, I say: “I can totally see Warren Buffett’s Berkshire Hathaway — I think it has $200 billion in cash on hand — moving into something like Delta Air Lines or one of these tour operators or leisure companies that have been hit so hard.”
The Coronavirus Crisis Will End Quickly
Jeff says: “You flip on the news, and it leaves you feeling horrendous. So, of course, people want to sell and end the pain. But I think the key is, it’s going to end pretty quickly. And I also feel like it’s going to be one of those deals where very suddenly — just like we saw in China — it will move off of the front pages because the media will have moved on to worrying about other things, like the recovery.”
Editor, Automatic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives