has infected over 2.4 million people globally, with the U.S. reporting the highest number of cases worldwide — around 760,000, according to data compiled by Johns Hopkins University.
"In the second quarter we expect earnings to literally fall by 40% or more across the board, and we don't expect earnings in the United States to get back to their first quarter levels for nine quarters from now," he said.
Nothing is priced in.
It’s inevitable that we reopen too soon and hence yo-yo with the virus. 🎢
So true!! I have FYI !!!
Bastards
It’s almost like you are rooting for that to happen
GET YOUR VIX READY!! MikeFrancesa mcuban VixCentral BEARMARKET It’s comical some think this current S&P print is warranted! In 2009 Mortgage Backed 💩 🗞 were 🩸 🏦 dry!! In 2020 “PEOPLE” ARE dying!!! IS EVERYONE INSANE Next STOP S&P 500 ( C ) Wave $1,800 / TVIX $2,000
The permabulls in the USA havet even priced in the current deman and earnings destruction yet - valuations are INSANE
apoorvswarup you were referring to this
The virus will do what it is going to do. Herd immunity has a certain definition and what we are doing is not it. Like polio/smallpox, it won’t go away by hiding. Natural processes don’t care what we do. Fear is not a strategy. jimcramer JoeSquawk SquawkCNBC
Because there isn’t one yet?
What about other bubbles in the economy? I have bought May and June Puts. Will start hotel chain on moon!
Part 4- Price for perfection and thereafter enter into a seculat bear market, which may last for 15-20 years. The US hegemony will be chalenged. Fair market valuation redefined after QE . FED. Kiss the equity markets goodbye
Priced in? If anything was priced in the FED wouldn’t have to Brrrr
Part 3- Price for perfection structurally. Based on the interest rates, we should be happy with this PE. Assets inflation could transforn PE interpretation into a child game. I can't wait to see how this will end. My assumption is that in few years we could reach PE 40.
Part 2- and will be much lower. It may not represent recurring earning going forward. The P/E depends on the cost of capital. Should the cost of capital be artificially depressed by fed purchase programs such as corporate bond and leveraged loan, P/E of stock could stay high.
Part 1- Alchemy of finance has changed completely. Markets will tank by another 30%. Reason is simple: High valuation of US equity. The high valuation could be driven by tech stocks(Microsoft, Apple,Amazon, Google and Facebook, Netflix, telsa,etc) 2020 earnings are disrupted.
And what about the timing of the second wave in the middle of the US elections...!!! China changed their constitution in 2018, same for Russia recently, maybe trump will do the same then...who knows
.muddywatersre
I highly doubt there gonna be a second wave. Even if there is impact is going to be little to none. Look at all the asia countries with reoccuring covied19 cases only within a few hundred. Also, even if the market drops due to a second wave. We will see 2+ trillion in stimulus
Tighten your seat belts...StocksResearch
oh strange, I thought everything was baked in all the way to 2025🙄
US markets haven't priced in the massive economic damage that has already been inflicted, yet alone any future issues.
WHO: Phase 4: Second or later waves of the pandemic. Based on past experiences, at least a second severe wave of outbreaks caused by the new virus would be expected to occur within 3-9 months of the initial epidemic in many countries.
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