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Stock-market selloff now an ‘opportunity-filled environment’ for pro traders, but long-term investors should wait, says El-Erian

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Economist and investor Mohamed El-Erian says last week’s stock-market plunge offers lots of trading opportunities for market pros, but long-term investors should stick to his admonition against buying the dip on expectations the global spread of COVID-19 will further weaken economic fundamentals.

 

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The Bottom Line from Last Week’s Market SlideThe past three years have seen stocks stutter at times, but the general trajectory has been positive. Now coronavirus fears have jolted investors, with the S&P 500 notching its biggest weekly decline since the financial crisis. Trickle down economics doesn't work Fed IMF this will not restore manufacturing and replenish supplies. Once stores run out of inventory and lay people off this scam will be exposed. Coronavirus weddingdress Samsung apple Electronics BestBuy Woodrow On the other hand, stocks are up today. Worth mentioning, no?
Source: WSJ - 🏆 98. / 63 Read more »