Wall Street investors often discuss the stock market in terms of price-to-earnings ratio, or how much a stock costs relative to the earnings per share it will generate over the next year. How quickly the U.S. economy recovers from the pandemic-driven pain would be crucial to determining the level of the market under that formula.
"At the end of the day, the market is saying earnings are going to be great in 2022. I don't disagree with that. I think that's actually correct," said Lasry, who made a fortune buying up troubled assets. But he said while there will be winners in the stock market, such as"If you're going to have all these people unemployed, it's hard to end up coming out of a recession until that changes. It's going to be a difficult couple years," he said.
This didn’t age very well. fundstrat ScottWapnerCNBC petenajarian
Experts have been wrong every step of the way. For 4 years.
HenrikZeberg My 2 cents: By sunday US COVIDー19 stats will be over 30k daily new cases again. Meanwhile emerging markets explode, bringing overall numbers to well above 100k/day. Monday the marktes finally reckon this really is a virus and the Fed didn't 'solve' the it nor the economy!
HenrikZeberg US just had 28k cases yesterday. Anyone taking about it?
Efficient market hypothesis going strong. Friedman was a cancer for this country
The market will eventually realize that the FED will be in a need for a bailout. And the only possible one even try to do the bailout is the FED itself. So is that even possible?
I'm sure he's losing money on his short positions. The market is aware we are in a recession buddy, not that stupid.
Are you a Democrat wishing for that ? Open the country and all will be fine 💪💪
Sounds like someone’s missed the move...
Oh no ! Another Doom Monger !!!
Lol...The green shoots won't let it happen.
Then everyone will pull their money out of the stock market and put it... under their mattress?
Just a way he manipulates the market so he pays less. Then watch the econkmy boom because people don't actually believe there will be a second wave.
If actual metrics including unemployment mattered this market would be down 50% across the board... but it doesn't... because... BRRRRRRR
Really? 2040?
Are you Trump fans happy now?
biggest backer of CLinton and where their daughter worked. The dems calling in all their friends to paint the worst picture. This is so coordinated it is frightening. What else was coordinated
Back in the day when the market wasn't a gambling room for rich people a recession might impact it.
It takes time for the unemployment to taper through to the retirement funds that have inflated markets for years. And once other start reducing it will get worse. That Ponzi is on its last legs. Just like Trump's payroll tax holiday will end the Social Security Ponzi scheme
No. New all time high in 1 month
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