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Market In Wait-And-See Moment

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Every cloud has a silver lining, but what if the silver lining is actually grey?

Several Israeli financial experts discussed the potential outcome of the corona virus pandemic for Israel21c.

One noted that a recession has its benefits in that it facilitates the restructuring of the economy. People who lose their jobs will have a hard time finding new ones in the same line of work and will have to re-educate as businesses will have to modify how they operate.

The epidemic will force “right-sizing” and adopting new technologies (like Zoom).

Investors with cash will see many opportunities in companies hurt by the economy.

Forbes’ takeaway from Berkshire Hathaway’s annual meeting was: Warren Buffet can’t predict the future so he’s sitting on the sidelines now; large cap companies are still overvalued; and since Berkshire Hathaway’s intrinsic value has shrunk, so has the whole market.

Screen Shot 2020-05-04 at 8.42.30 AM

So, we’re still in a wait and see moment…

https://www.israel21c.org/prepare-for-recession-reinvention-and-opportunity-in-post-covid-economy/

Source: https://jeffkoeppel.wordpress.com/2020/05/04/market-in-wait-and-see-moment/

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