05/19/2020
Today Mark Hulbert, MW Keep expectations real when a skilled investor lags the market |
Ira Stoll, New York Sun What accounts for the apparently dramatic mismatch between the stock market and the economy? Unemployment is the worst it has been since the Great Depression. Goldman Sachs saysit could hit 25%. Gross domestic product could fall by 42.8%, according to the Federal Reserve Bank of Atlanta. |
Christoph Gisiger, themarket Marc Cohodes is one of the most feared short sellers on the planet. He explains why his artful profession is becoming increasingly tough, which stocks he is currently betting against and where he spots opportunities on the long side. He also has a clear opinion on the Wirecard accounting fiasco. |
Joseph Calhoun, Alhambra Partners "Intelligence is the ability to adapt to change." Stephen Hawking The economic news over the last month has been as awful as anyone alive has ever seen. Unemployment has risen from 3.5% to 1? |
Seth Levine, Integrating Investor There’s nothing like a crisis to bring foundational investing principles to the fore. They lay all my triumphs and tribulations bear for me to see. Evasion is no longer possible. Assumptions, rationalizations, and truths are crystallized as profits and losses. This turbulence, though, is a crucible for learning. For me, the past few months illustrated how collateral, leverage, and volatility interplay to drive investment performance. I see them as the “what”, “how”, and “when” to invest, respectively. |
Greg Bensinger, New York Times The Tesla chief executive is putting the safety of employees on the line. |
Scott Atlas, The Hill The total lockdown may have been justified at the start of this pandemic, but it must now end â?" smartly, without irrational requirements contrary to medical science, common sense and logic. |
John Tamny, RCM "If I ever see that again from you or anybody on your team I'm going to bury the guy at the plate." So said Roger Clemens to a Cleveland Indian on second, decades ago. George Will... |
Donald Boudreaux, American Institute for Economic Research |
Michael Bernick, Forbes California local and state economies are in shambles, and in search of ways to rebuild. In developing strategies for the near future, we don't want to overlook more fundamental challenges, particularly those raised by the story of The Grand Inquisitor. |
Sarah Jones, New York Magazine There is a class divide in America, but it doesn't work the way that right-wing commentators like Peggy Noonan think it does. |
Russell Redenbaugh & James Juliano, KCM |
Richard Moody, Regions Bank |
Various, Volusion See which U.S. cities have the most self-employed workers |
Jerry Bowyer, Vident Financial |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial |
Bernard Goldberg, The Hill It's common sense not to turn decent Americans into criminals if they don't adhere to zero-tolerance rules that seem capricious. |
Paul Sullivan, New York Times Advisers say taxpayers facing residency questions because of quarantine orders need to keep detailed records to explain where they lived, for how long and why. |
Edward Stringham, AIER Theoretical physicist Neil Ferguson is a vice dean at Imperial College of London and one of the main architects of our current lockdown. Ferguson rose to fame in 2005 when he predicted that up to 200 million people could be killed from the bird flu and acted as the advisor to the British government’s Scientific Advisory Group for Emergencies (SAGE), saying that without lockdown hundreds of thousands of Britons and 2 million Americans would die from COVID-19. |
Lucas Asher, Worth Venture capitalists who place big bets on new technology and software will play a role in deciding what the world after COVID-19 will look like. |
Kathryn Vasel, CNN Walter Kinzie has had some strange visitors in his new office: mules, deer, antelopes, four rattlesnakes and a mother goose and her goslings. |
Suzanne Venker, Examiner By creating an environment where people can't spend, lockdowns are forcing families to rethink their finances and their priorities. Those who aren't out of a job are saving more, too. And with schools closed across the nation, parents are spending an inordinate amount of time with their children. Add it all up, and it just may lead to a complete paradigm shift, one in which parents realize that what they thought was necessary before the COVID-19 pandemic isn't actually necessary. |
Jessica Guynn, USA Today Carlos Atkins, 27, used to spend weekdays with his 2-year-old son Malachi, taking walks and reading books, before heading out into the night to power wash sidewalks, pick up trash and remove graffiti in downtown Detroit for a local nonprofit. Then the COVID-19 pandemic shut down the city and his son’s daycare center but not Atkins’ job as an essential worker. After being reassigned to a midday shift that ends at 9 pm, he’s scrambled to find child care, leaning heavily on his mom and aunt. |
Editorial, New York Post The cost of the left's Green New Deal is so enormous most Americans were probably never able to appreciate its true magnitude. Now, thanks to the COVID-19 crisis, maybe they can. |
Ray Dalio, CNN Business We need to reform capitalism, but certainly not abandon it, writes Ray Dalio, the founder, co-chief investment officer and co-chairman of Bridgewater Associates. |
Howard Gold, MarketWatch The chairman of Berkshire Hathaway seems to prefer the S&P 500 to his own company?s stock |
Eliza Griswold, The New Yorker The disaster has become so dire so quickly owing, in part, to the legacy of the 2008 financial crisis. |
Lawrence Summers, Financial Times The pandemic will be remembered alongside 1914 Archduke assassination and 1938 Munich Conference |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Christian Britschgi, Reason Businesses need to be able to adjust to a world where COVID-19 remains an ongoing concern. |
Benjamin Cohen, Project Syndicate After three years of US President Donald Trump abusing America's dominant position in the global monetary and financial system, his administration's disastrous response to the COVID-19 pandemic will further erode faith in the dollar. And if the days of America's "exorbitant privilege" come to an end, so will much else. |
Ranjan Roy, Margins There is such a thing as a free lunch |
Scott Sumner, The Money Illusion Shortest recession ever? |
Danny Crichton, TechCrunch Work from home is dead. |
Oliver Franklin-Wallis, Wired Similar situations after natural disasters offer clues about the potential academic and mental health impacts of lockdowns-Wa |
John Cassidy, The New Yorker On Thursday, E-Trade, the discount brokerage, reported that its daily trading volume in April was more than three times as large as it was in April, 2019. Other discount brokers have reported similar figures. TD Ameritrade said that it did more than three million trades a day in April, compared with eight hundred and seventeen thousand a year earlier. |
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