With stock prices sinking fast, a client emailed me saying, “Your move, boss.” So here is our move: Especially in this coronavirus crash, we continue to seek out what we always look for globally — high-quality businesses that we can buy at a significant discount to fair value. We are …
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Joe Gawronski said concerns about the coronavirus outbreak really hit home on March 13. “Our attitude has changed markedly since Friday,” he said of his family’s reaction to the viral outbreak of COVID-19. The president of New York brokerage firm Rosenblatt Securities lives in Summit, N.J., a suburb a little …
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3 minute read With the world in quarantine with the ongoing coronavirus pandemic, the stock market is in bear market territory, sending interest rates even lower. A year ago today, March 17th, 2019 interest rates on a 30-year fixed-rate loan was 4.25% (that’s historically low) Today it’s 3.25%! If you’re …
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COMO, Italy — It’s Sunday morning in Como. It’s usually so busy on Sundays that I think twice about going downtown, but today the streets are deserted. All the bars, cafés and shops have signs on their doors saying, “Closed until further notice.” Even the cathedral in the main square …
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The U.S. Justice Department has ordered “maximum telework” after MarketWatch reported on staff members’ complaints about having to show up at their offices even after the coronavirus was detected among workers at a department building. “I am directing Components to move to a posture of maximum telework in the NCR …
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There are some outlandish rumors about COVID-19, the disease caused by the new virus SARS-CoV-2, percolating on the internet: To some, it’s a dastardly bioweapon designed to wreak economic armageddon on the West; a left-wing conspiracy to damage the reelection prospects of President Trump; a virus that leaked from a …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
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The ban on travel to the United States by non-U.S. citizens from Europe announced at midweek by President Trump in an Oval Office address that raised more questions than it put to rest — and expanded after the fact to include the previously excluded European countries Ireland and the United …
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