Reasons to buy? Take the following with a grain of salt as I'm a bond guy, but I felt compelled to build a stock chart on how the GFC went down to highlight many failed bailout attempts (and reasons to buy along the way) yet until nearly everyone gave up, a bottom wouldn't form. pic.twitter.com/iO1u2DFNBe
— George Goncalves (@bondstrategist) March 10, 2020
This is all starting to get confusing. If the coronavirus is just the flu and will take care of itself and it’s best economy ever why do we need rate cuts, more easing and tax breaks?
— Hipster (@Hipster_Trader) March 10, 2020
Setting aside the obvious politicking of cutting taxes but only until the election,
The payroll tax raises about $1.3 trillion a year. Eliminating it for 8 months would cost about $900 billion before accounting for how people/employers might reactt.co/gXGFe5kJxN
— Tyler Evilsizer (@TylerEvilsizer) March 10, 2020
“Things have been glued together for so long,” says Jeffrey Gundlach. “And by gluing it together, you’ve let the pressures build up to a level that is …” “One shock away,”
“Things have been glued together for so long,” says Jeffrey Gundlach. “And by gluing it together, you’ve let the pressures build up to a level that is …”
“One shock away,” @DiMartinoBooth replies.t.co/mEznUcFDPQ
— Danielle DiMartino Booth (@DiMartinoBooth) March 10, 2020