How do we know when we have not reached the bottom? When the talking heads on CNBC are buying.
— Scott Minerd (@ScottMinerd) March 23, 2020
"Stay invested. The champagne economy will come back." – Managing Partner, Portfolio Manager/Equity Analyst,
I hope he's right.
In other news, my realtor told me now is a good time to buy or sell a house. pic.twitter.com/cPhqdTxlJL
— Rudy Havenstein, cheerfully apocalyptic! (@RudyHavenstein) March 23, 2020
MARKET IS DELEVERAGING
MANAGE YOUR OWN RISK
SELL ANY SPIKE
— Volatility Quant (@VolatilityQ) March 23, 2020
"But nobody warned us! We couldn't see this coming!"
WRONG. People like Ron Paul were warning long before I was even born.
He was warning against ending Dollar-gold convertibility in 1971, which is what led to this credit bubble.
Everyone ignored him.t.co/uBjV1E6YeQ
— Jesse Colombo (@TheBubbleBubble) March 23, 2020
I have been getting so many calls and PMs as of late. Let me put it very clear; Markets need Consumers, Consumers need Jobs; Right now we are missing 2 of those. Need all 3 for the markets to get back on track!
— Lord Polemos (@LordPolemos) March 23, 2020