Here is my only concern – this chart is everywhere over the last couple of days. Everyone seems to be convinced the #bearmarket is over already and can't wait to jump back in. Not typically how bear markets end. pic.twitter.com/4Y8lLXGft5

— Lance Roberts (@LanceRoberts) March 20, 2020

Here is the crazy part of this sell-off, stocks still aren't cheap to historical valuations. 1823 is fair value pic.twitter.com/CDNJtnXQ46

— Michael Lebowitz, CFA (@michaellebowitz) March 18, 2020

"I bought it for the dividend."
"Muni's are super safe."
"The packaging said high yield, nobody said it was all Califonia and Illinois bonds?"
When things go wrong, they go wrong fast. pic.twitter.com/sBh86WcStq

— Lance Roberts (@LanceRoberts) March 19, 2020

Hey .@Delta you bought back almost $12 billion in stock over the last decade. How about selling that stock before asking tax payers for a handout. h/t @JackPScott

— Michael Lebowitz, CFA (@michaellebowitz) March 17, 2020

One day, we will find out exactly who "blew up," who got "bailed out," and which "Master of the Universe" was responsible. pic.twitter.com/kavDphjgBi

— Lance Roberts (@LanceRoberts) March 17, 2020

Buybacks in select financials since 2010
Over $514 billion

If they need capital… sorry, WHEN they need capital, let them sell at a low price that which they just bought dear… pic.twitter.com/3W9fTkYIQD

— Jack (@JackPScott) March 17, 2020

Let's be clear. There is a massive margin call/credit event the Fed is trying to get in front of. https://t.co/Av3Fc5J9j0

— Lance Roberts (@LanceRoberts) March 15, 2020