has gained more than 30% since its March 23 low of $2,191. The index sits about 15% off its all-time high of $3,393 on Feb. 19, which was reached before the economic shock from the Covid-19 outbreak unsettled financial markets across the globe.and then some since the Great Recession as state stay-at-home orders and nonessential business closures were implemented to help slow the spread of the virus.
Bass said he believes the "economic and financial realities" brought about by the coronavirus are larger than what is reflected in the stock market. "We're going to have a very long grind here, trying to get these people back to work."
He should Short it. That’s what Man with Balls do!
he seems never right
Why? China has been bleeding money till Nov 2019. Then it started 2 hemorrhage money. Investors looking 4 a safe place 4$ while the world gets hit by a Pandemic. EU? No way, that's kind of a mess. USA? They have lots of $$. Nice banks. Sold.
Yes, seems to be well ahead of itself .
The stock market is only a function of the companies but also the alternatives..bonds too rich....liquidity very high...international? No way..Real estate. Not yet. ..collectibles? Not likely. US stocks are where money should be invested.
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Source: BusinessInsider - 🏆 729. / 51 Read more »