Tag Archives: Coronavirus

A Long Way Down To Value

Summary The stock market has completed the first phase of a bear market with a rapid and sharp Q1 sell-off caused by massive deleveraging Stocks still need to deal with its valuation problem as well as discounting the long-term financial … Continue reading

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Why new diseases keep appearing in China – VOX

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The COVID Wake-Up Call | Project Syndicate

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Some Perspective

In our March 7th post,  Stages Of A Pandemic: Denial, Panic, Fear, and Rationality, we suspected the country was about to move from denial to panic over the coronavirus pandemic.   It sure did and infected the global markets in a … Continue reading

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Exponential Growth 101

I had a stunning conversation last night with a very good friend that went something like this: It’s just the flu, bro.  You are glued to the fake news on CNN  He is a restaurateur and I was trying to … Continue reading

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Stages Of A Pandemic: Denial, Panic, Fear, and Rationality

We’ve been accused of panicking. It just ain’t so, Joe, as our M.O. is to try and panic before everyone else. What will be the big negative shock that shakes the tree loose?   Your guess is as good as ours … Continue reading

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The Fed Cut Fails To Inspire As Markets Deliver A Policy Margin Call

The price action in stocks continues its remarkable volatility. The cash S&P500 traded in a 160 point range just today, or 5.4 percent.   They sold the Fed 50 bps emergency cut hard to close the S&P at 3003.37, down 2.8 … Continue reading

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Coronavirus, You’re On Your Own

Say what you will about Chris but he has nailed the coronavirus from the beginning.

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S&P’s Beastly Streak: Five Consecutive Red Candlesticks

Extremely ugly price action today with the S&P reversing a 54.30 point gain to close down 11.82 points, carving out a 5th consecutive red daily candlestick. Such an ungodly losing streak is relatively rare and has not happened since the … Continue reading

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Why We’re Big Fans Of Johnny “Cash”

Of course, if Larry M.’s Lehman-like drawdown scenario is realized, haven flows and shorts will pile into long-notes and bonds as a proxy short but we have no interest in trading fixed-income securities with a 100 bps negative real yield. … Continue reading

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