'Markets always overshoot' — Gary Cohn says stocks are seeking fair value as coronavirus concern grows

"We're in the period where we're trying to find a relative fair value for equity," Cohn said on"That doesn't mean they can't go lower. And it doesn't mean they can't go higher. We're trying to digest right now what value should be."

"Markets always overshoot," said Cohn, who served as president of Goldman for over a decade. "We probably overshot on the downside, and we probably overshot on the upside." following the reopening of their economies. There is concern over what the economic impact of a possible second wave of cases could be.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on ThursdayStocks plunged amid concerns over the economic recovery while coronavirus-related hospitalizations in certain states grew.
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Stocks End Sharply Lower as Investors Grow JitteryGrowing fears of a spike in coronavirus infections in the U.S. sent the stock market tumbling, pulling the Dow industrials down 1,862 points, its worst day since punishing selloffs in March. Are we tired of winning yet? BlogiBossaPL Bossa Presti like always post factum... vs No Surprise - Shot down on FED Motive... FANG + INDEX ex ante by ATA
Source: WSJ - 🏆 98. / 63 Read more »