"Central banks have pumped $4 trillion into the financial system over the course of the last two months."
"The endgame of three decades of excess is upon us, and we can’t deny the weight of the debt imbalances currently in play."
"Just remember, when the market does bottom, there will be no one wanting to “buy.” "
"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."
"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."
"Doing “what works” in the short term often times conflicts with doing what is best for the most people over the long term."
"You can’t “buy low,” if you don’t have anything to “buy with.”"
Wall Street estimates are still in fantasyland.
On 9 March 2020, the Dow set a record by falling 2013 points. On 12 March, it beat this record with a 2352-point fall. Then, on Monday, it went into freefall, plummeting by 2997 points, or 12.93% on the day.
"Are we at the bottom yet? Probably not, if history is any guide."
"We are in a bear market and a recession. It just hasn’t been announced ... yet."
"The markets have just suffered their worst one-day collapse since the 1987 Crash."
"All major U.S. banking stocks fell by double-digit percentages during Monday’s session."
"The 10 year UST yield has dropped from ~1.6% to ~0.8% in just 12 trading sessions."