Commentaries

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Back in February Cooperman, while acknowledging he’s no expert on epidemics, expressed confidence in the outlook for the economy. He's changed tone.

He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful."

The setback for one of the industry’s best known hedge funds is another example of recent market turmoil as automated volatility curbs kicked in.

"Our gut tells us that a 50% or deeper decline from the February top might be the ultimate path," the activist firm's latest client letter says.

In their model, there could be rolling shutdowns for the next two years, pushing the market down another 60%. Morgan Stanley disagrees.

Bond heavyweight Jeff Gundlach has blasted the Federal Reserve as a "failed" and "broken" institution, claiming the central bank is now off charter.

Charlie Munger agrees with the boss: now is not the time to burn cash. Wait until the storm passes and then grab strength at a deep discount.