Jeffrey Gundlach Joins US Market Double Bottom Brigade
Jeffrey Gundlach isn’t alone in his assessment that stock markets would need to form a double bottom. Mark Mobius and Paul Tudor Jones agree.
Jeffrey Gundlach isn’t alone in his assessment that stock markets would need to form a double bottom. Mark Mobius and Paul Tudor Jones agree.
Some Trump advisors have said the need for another stimulus bill is not yet clear. But Kudlow said "there may well be additional legislation" soon.
He also admits that buying into the airlines was a mistake as Berkshire posts a $50 billion loss for the first COVID outbreak quarter.
During the 2008 financial crisis, Buffett, who has a net worth of $73.4 billion, played a hero. Now he has yet to step up to provide confidence.
The Mooch also doesn’t think the recent $2 trillion fiscal stimulus package went far enough, especially on Main Street. He'd target close to double.
Oil production can’t just be turned off because some wells depend on pressure that shutting down complicates. And scarce storage costs money.
Those who hired Tangen to manage Norway’s savings have been ordered to explain how he’ll handle his personal fortune as CEO now that oil has crashed.