Founder and CEO of Pershing Square Capital Management Bill Ackman gave recently gave an impassioned defense for a nationwide shutdown — even if it hurts his own investments. During the now-infamous diatribe, Ackman warned “hell is coming” for the United States should it forgo a nationwide federal shutdown due to COVID-19. “We need to shut it [America] […]
J.P. Morgan Chase CEO Jamie Dimon sees a bubble waiting to pop in sovereign debt. When asked if any of the current sectors of the economy give Dimon any cause for concern, he bluntly replied, “Only in sovereign debt.” “Right now, people think central banks around the world can do whatever they want.” “They can’t.” Mr. […]
Economist Mohamed El-Erian is urging investors to proceed with caution before buying into any coronavirus dip. “I stress, this is different,” said El- Erian. “I would continue to resist, as hard as it is, to simply buy the dip.” This strategy especially applies to long-term investors. “If you are a long-term investor, I would wait.” “I think […]
Ben Carlson, portfolio manager at Ritholtz Wealth Management, is all in on “buying the dip.” History would say there is a considerable amount of evidence to support buying whens stocks swoon sharply. “Fifty-six percent of the time, stocks were higher one year later. Seventy-two percent of the time, they were higher three years later. And they […]
The fallout from the coronavirus threat to the world economy has created enormous uncertainty in the markets. But also an unprecedented opportunity for some. Currently, the full extent of the epidemic and geographic scope of its reach are unknown. Many investors remain unnerved by the sudden and unpredictable changes in the market that have ensued. […]
Stephen Roach, former chairman for Morgan Stanley in Asia and now a senior lecturer at Yale, believes that the coronavirus will considerably weaken a global economy that was already in a delicate situation to begin with. “If the global economy is as weak as I think it is in the first half of this year, that points […]
To say that the global outbreak of COVID-19, or the coronavirus, is causing unprecedented amounts of traveler anxiety is an understatement. The International Air Transport Association projects that more than $113 billion in revenue will be lost if the coronavirus isn’t resolved soon. So far, the cruise industry has arguably been the most devastatingly affected. […]
Peter Schiff, chief executive officer and president of Euro Pacific Capital, believes that the price of gold will skyrocket if Sen. Bernie Sanders, the Independent from Vermont, becomes the next president of the United States. Sanders is trailing Vice President Joe Biden in the delegate race but shows no signs he will step aside. Sanders […]
Nouriel ‘Dr. Doom’ Roubini, professor at NYU’s Stern School of Business, believes that equities will drop by as much as 40% in 2020. “I expect global equities to tank by 30% to 40% this year,” said Roubini. “My advice is: Put your money into cash and safe government bonds. You have to hedge your money against […]
Professor of finance at the Wharton School, Jermey Siegel, can see a future where equity prices drop as much as 30% in 2020. On the bright side, Siegel only sees this as a one-year impact. “I see this as a very severe one-year shock, and then a bounce-back that could be extremely rigorous,” said Siegel. Siegel […]
