The fund manager who managed the recent fund calls for “virus rescue concerts” where people are intentionally infected

“My ultimate goal is to get opinion leaders and the rest of the country to think about the choices we have to make, the risks involved in these choices, the uncertainty within each and the likely negative consequences”, a he declared. . Market clock. Let’s be clear. Currently, there are no good options before us, only better and worse for the country in general. “

In the letter, he outlined two strategies for getting back to normal.

One approach is to maintain strict social distancing measures imposed. But this, he says, has a massive impact on our quality of life and puts pressure on the failing economy in the hopes of keeping infection rates on an uncertain day in the future when a vaccine will be developed.

The other: collective immunity, just like Sweden. “We protect the vulnerable population, then allow and even encourage the rest of the population to return to normal life,” he wrote.

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Sandler said she imagines young, healthy people attending “virus rescue concerts” in the hope of contracting the virus and then giving the antibodies to use as treatment or prophylaxis.

In any case, he wants the conflicts in the corridors of power to end.

“A country that allows partisan politics to obstruct such an important decision runs the risk of a worst-case scenario,” said Sandler. “In my opinion, the choice is obvious and clear Plan B for many reasons, including the one that is least likely to cause civil unrest.”

He summarized his letter, which was approved by over 100 small business owners, with a quote from Nelson Mandela: “Let your choices reflect your hope, not your fears.”

In the meantime, he continues to administer his fund very carefully after calling the March fund. in an interview with CNBC at the beginning of this year.

“We have lost $ 10 trillion in market capitalization” due to the sharp drop in February highs, he said at the time. “It’s so out of proportion that I don’t even want to talk about the numbers.”

Two months and a good rebound later, Sandler has changed his tone a little.

“Tactically, I think the stock market is somewhat overbought here and probably needs to be corrected,” he told MarketWatch. “However, I think the worst is behind us, so I don’t think we will retest the lows when and if we have a step back.”

There is no sign of overbought yet. In the rebound session on Wednesday, the Dow Jones Industrial Average
DJIA
+ 1.66%

It had increased by almost 400 points earlier. The S&P 500
SPX
+ 1.85%
and the compound Nasdaq
COMP,
+ 2.18%
They were also firmly in the green.