Common Stock Warrants

  Adrian Day: Covid And Its Aftermath   I want to share with you one of the best summations I’ve seen on the impact of the Covid-19 pandemic on today’s society and markets… …And more importantly, what it means for tomorrow. Dear Investors, After a few decades in the “hard money” investment business, I’m very fortunate to have accumulated a lot of very smart friends. One of the smartest and most eloquent of these is Adrian Day, Chairman and CEO of Adrian Day Asset Management. To be sure, I read a lot about the markets…basically everything I can get my hands on. And because of my many friends in the industry, I get my hands on some great commentaries, including in private correspondence. I have to say that Adrian’s recent quarterly review, which he published exclusively for his clients, was one of the clearest and most insightful analyses I’ve seen on the impact of the Covid pandemic, both today and looking forward. His introduction gives you a great idea of what’s to come in his full review: “Two points need emphasizing. Even before the virus made its appearance, there were some troubling signs, with debt in many areas at extreme levels, the Federal Reserve extremely easy again, and equities grossly overbought. That this was true a quarter ago and the quarter before that makes it no less true. “The virus — and the reaction to it — has done severe damage to the economy and markets. To paraphrase Peter Schiff, it’s the size … Continue reading →