"If there's a vaccine soon, which I hope there is, markets could snap back quickly," Ackman said.
"My expectation is things don't get meaningfully better until the second half of 2021," Ackman said. Ackman's Pershing Square is"effectively 100% long," but does have a short position in the high-yield index, saying that it serves as a good hedge if there's further market weakness.
Ackman added that bankruptcy isn't always bad for companies, explaining that a bankrupt company doesn't have to fire all of its employees, and often comes out of bankruptcy as a less levered company in a better position to compete.
Junk bonds
Bill Ackman look like Jeff Bezos w/ hair
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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