Hedge fund supervisor Ricky Sandler instructed CNBC on Monday that he is shopping for equities as a result of the inventory market's response to the coronavirus has been too excessive.

"I feel the persons are completely lacking what is occurring right here. Each new headline, each new hysteria is making folks extra nervous and it is really very, very optimistic," the CEO of Eminence Capital mentioned on "Halftime Report."  "It is all serving to to include the issue." 

Sandler mentioned he was working from the belief that financial exercise could be severely curtailed for "two to 3 months," due largely to the social distancing efforts put in place akin to necessary work-from-home insurance policies, in addition to college and restaurant closures. 

Whereas this may undoubtedly create an financial shock, the inventory market response has gone fully too far, Sandler contended. 

Sandler mentioned even when U.S. GDP falls by 10% within the second quarter, which is a extra dire forecast than the 5% prediction from Goldman Sachs, it equates to a lack of...