We are now in the 13th worse bear market since the late-1920s with losses just shy of 30%. It would take another 15% drop from here to get to a 40% loss. It would take another 30% drop from here to get to a 50% loss. I don’t know if this is going to happen and neither…
Ben Carlson
The Power of the Human Spirit
A number of years before the onset of World War II, Winston Churchill warned the House of Commons about the dangers of a potential German invasion, describing London as, “the greatest target in the world, a kind of tremendous, fat, valuable cow, tied up to attract the beast of prey.” A few months later he…
Animal Spirits: Is This Worse Than 2008?
This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: When chasing yield goes bad Worries about the credit markets Why this period gives me more anxiety than 2008 Is work from home here to stay?…
The Historic Sell-Off & a Game of Expectations
Why relatives matter more than absolutes in the stock market.
Why You Can’t Always Swing at the Fat Pitch During a Crisis
CNBC reported last night that the biggest banks in the United States would be stopping their buybacks to shore up their balance sheets because of the crisis: The group — which includes JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two other banks — said in a statement that the pandemic was an “unprecedented challenge.” “The COVID-19…
Talk Your Book: Positive & Negative Compounding – Trading Direxion Leveraged ETFs
Today’s Animal Spirits: Talk Your Book is presented by Direxion. We spoke with Dave Mazza, head of product at Direxion. We discuss: How leveraged ETFs work Myth-busting many of the thoughts about leveraged ETFs Who are these products for and who should avoid them? How are these products structured and how are they created? Who…
Levels of Losing in the Stock Market
Bill Simmons wrote a piece for ESPN back in the day called The 13 Levels of Losing when it comes to life as a die-hard sports fanatic. I thought about this column recently as it pertains to the markets. The worst was ‘That Game’ which refers to something like the 1986 World Series where the…
How Long Does it Take to Make Your Money Back After a Bear Market?
How many months or years does it take to earn your money back in the stock market?
Animal Spirits Emergency Podcast: Preparing for a Recession
Things are getting crazy, not only in the markets but society at large with the realization of the massive impact the coronavirus is creating. So Michael and I decided to record an extra podcast this morning to share our thoughts on what’s going on and what it might mean going forward. We discuss: Last night…
Creating an Overreaction Plan for the Coronavirus
Last night felt like we were all in a movie. It’s like everyone collectively realized the gravity of the situation. The President addressed the nation, the response was underwhelming and the stock market is yet again crashing. The NCAA announced March Madness will continue but with no fans (I would be shocked if it wasn’t…
