“This is not a time to go to the grocery store or the pharmacy,” said Dr. Deborah Birx, coordinator of the White House Coronavirus task force.
“The government doesn’t set the timeline, the virus does” said Dr. Antony Fauci, the Director of the National Institute of Allergy and Infectious Diseases.
I’d rather take risk in a well-researched common stock than in a government bond,” said my old friend and investor, Lee Cooperman, late of Omega Advisors.
“Any sufficiently advanced technology is indistinguishable for magic, said Arthur C. Clark, futurologist and author of 2001: A Space Odyssey.
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100 year highs. But if you look at stock prices relative to interest rates, they are exactly where they should be," said hedge fund legend, Stanley Druckenmiller.
"Interest rates are gravity. When they are zero, share prices can go to infinity. When they are high, as they were during the early 1980s, the gravitational pull can be very strong," said Oracle of Omaha, Warren Buffett.
When asked how he felt when visiting the Federal Reserve at the height of the financial crisis, Goldman Sachs CEO Lloyd Blankfein responded, "I'm getting out of a Mercedes to go to the Federal Reserve, not getting out of a Higgins Boat going to Omaha Beach."
“At some point, all the money that has been parked in bonds and money market funds over the last five years will go into equities,” said Julian Emanuel of investment bank BTIG.
"Legalize gay Marijuana," said a bumper sticker seen in Northern Nevada.
"It is insane to risk what you have and need to obtain what you don't need," said Oracle of Omaha Warren Buffet about the extreme leverage found in many modern securities and trading strategies.
