Barry Sternlicht Sees V-Shaped Recovery in Stock Market
[{"id": "fko0c0e", "text": "I hope this mf is right", "replies": [{"id": "fkph9zg", "text": "Exactly, I mean this is more the best case scenario than the most likely one. Hope he's right too though.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fko1wor", "text": "\u201cPlease buy in so I can dump my shares and make my clients happy\u201d", "replies": [{"id": "fkor2p9", "text": "This is likely the reality.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fkoksdu", "text": "I agree with his statement 100%.\n\nNothing about this is a problem with financials .... it's all over fear of the virus and the unknown.   When that is gone, the markets are going to come roaring back.", "replies": [{"id": "fkoutms", "text": "When the small business world is cratered and a huge portion of households need to be subsidized long term to stay afloat?\n\nIf there is a recovery in the markets, it will be even less reflected in \"main street\" than our last recovery.", "replies": [{"id": "fkp1lud", "text": "Yes, even then.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fkozqe1", "text": "&gt; a problem with financials\n\nAt this pace, consumer effects will be deep -- smaller companies will have to start making cuts at some point soon, shifting the burden to unemployment insurance... that's a problem with business financials and consumer financials.\n\nIf everything turned around suddenly, which is looking less likely each day, I would agree with you.  \n\nPent up demand, low interest rates, low energy costs, solid dollar -- could be a boom.  But every day we go deeper, the less likely that will be the case.", "replies": [{"id": "fkp1wof", "text": "Of course the longer this goes the deeper down the rabbit hole we go.  That being said, I think we're 100% fine for anything that doesn't go over 6/8 weeks.", "replies": [{"id": "fkp21cx", "text": "I really am hoping for the best.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fkpc9gh", "text": "We haven't even started the bear market yet.\n\nBitcoin is going under $1k\n\nS&amp;p 500 will be under 1,200.", "replies": [], "depth": 1}]