Opinion: Americans need money — not more reasons to spend — or the coronavirus recession could be even worse


As coronavirus cases outside of China grow, the template for the current bear market that seems to fit best is what happened to stocks after 9/11.

A review of The Transcript, which is a compilation of earnings calls, solidified this idea. Consider:

•  “We have therefore made the assessment that COVID-19 can be characterized as a pandemic. Pandemic is not a word to use lightly or carelessly…Europe has now become the epicenter of the pandemic with more reported cases and deaths than the rest of the world combined apart from China” — WHO Director-General Tedros Adhanom Ghebreyesus

•  “Daily life has come to a halt, it certainly appears if you are a human being on this planet.” — Korn Ferry CEO Gary Burnison


•  “I think this event is very similar to 9/11 in terms of the psychology of what’s driving it. It’s a fear based event” — JetBlue Airways CEO Robin Hayes


Please enter your comment!
Please enter your name here