By Marc Lichtenfeld It seems like people have forgotten about safety lately.
I’m not even talking about COVID-19. That’s a topic for a different publication…
I’m talking about money.
The market is very strong despite a collapse in corporate earnings.
In the first quarter, S&P 500 earnings per share fell 13%, the worst performance since the Great Recession.
And it’s expected to get worse. For the full year, S&P 500 earnings are forecast to plunge 19%.
Yet investors are scurrying into the riskiest assets on the market…
They are buying up shares of bogus biotech companies that claim to have a solution for the coronavirus despite years (and in some …read more
