Day

April 2, 2020
The following is an excerpt from a piece first published on Money & Markets. I’m the first to admit I don’t know what happens next to stock prices. You could make a credible case that, while the economy might be in for its worst recession since the 1930’s Great Depression, the S&P 500 could hit new all-time highs by year’s end...
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I was recently quote by Vice’s Geoff Dembicki in “The Billionaires, Dollar Stores and Soup Companies Cashing in on Coronavirus.” Here’s an excerpt: There is no disputing that the coronavirus is a social and economic catastrophe—as many as 47 million Americans could lose their jobs amid a crash some experts fear could rival the Great Depression....
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