"If it goes wrong we face social unrest, revolutions and, because all the environment, overpopulation, and poverty issues remain, don’t rule out an escalation of resource driven wars."
"... if you need to withdraw some emergency cash from your 401(k) ... you may run into challenges."
"...the markets are addicted to Fed interventions"
"West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel, meaning producers would pay traders to take the oil off their hands."
"What this all means is there will be no “V-shaped” recovery."
"And then there’s the VIX which typically moves higher when stocks collapse. The VIX is forming a bullish falling wedge formation which could resolve in a big move higher."
"There is little reason to be overly aggressive in your positioning currently."
"Risk isn’t just something for the other guy to worry about. It is the nature of life itself. They can avoid it for another phase of the cycle but they can’t avoid it forever."
"If you are hoping the “bear market” is over, and have jumped “back in” with all your capital, you are in “good company,” as many others, judging by my twitter feed, have done the same. Just be prepared to be disappointed in the months ahead."
"The Fed, in an effort to stop this, announced several weeks ago that it would be buying everything. And I do mean EVERYTHING."
"Be careful. The bear market isn’t over yet…not by a long shot."
"Typically, the VIX rallies when stocks breakdown… which is why it’s odd that the VIX FELL on Friday despite stocks dropping."
"Not so long ago, I had to get a taxi from the centre of Guangzhou, a large city in southern China, to its local airport. The cost in Chinese money was £10. When I got back to Heathrow, I had to get a taxi to central London – about the same distance as the taxi ride in Guangzhou. The cost was £70."