Ray Dalio clarifies his previous comments that the market impact of coronavirus has been 'exaggerated' | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Ray Dalio clarifies his previous comments that the market impact of coronavirus has been 'exaggerated'

that he believes coronavirus could have a substantial impact in the near-term, but that the market sell-off did not reflect the temporary nature of the outbreak. at a conference in Abu Dhabi that the coronavirus"probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that."

Dalio, who runs Bridgewater Associates — the largest hedge fund in the world — corrected what he meant by those comments in his post. "I think the most likely outcome is that this virus will be a larger version of SARS that will have a significant temporary effect but won't have a big long term influence, so the downward market price moves related to it are probably becoming exaggerated," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Whenever somebody deals with CCP, his name will be tarnished, career will be finished! God will punish him for sure

TRUMP will cause his greatest bankruptcy ever...the USA ;) maga usa china trump cnbc markets Jkylebass SpeakerPelosi BernieSanders cnbc US deficit surges 25% in fiscal 2020 and is $1.1 trillion over the past year

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines