the current economic situation is, and how Marks feels that many investors may have gotten out in front of their skis when anticipating a recovery.
"The world is combating the greatest pandemic in a century and the worst economic contraction of the last 80+ years," Marks writes. "And yet the stock market — supposedly a gauge of current conditions and a barometer regarding the future — was able to compile a record advance and nearly recapture an all-time high that had been achieved at a time when the economy was humming, the outlook was rosy, and the risk of a pandemic hadn't registered.
Marks goes on to say that he thinks that some investors' fear of missing out on an imminent market recovery — "FOMO," as it's commonly calledWhile investors would benefit from taking the time to read through the whole memo, Marks' conclusion is that stock prices are high given the realities of the markets, and that investors should proceed with caution until we have more certainty around the pandemic.
It's important to remember, however, that investors like Buffett, Dalio, and Marks aren't infallible. To make the investing choices that are best for you and your future, consider what experts and top investors say — but alwaysAfter all, "everybody makes mistakes," says Williams.
Grow_mag Ahem, buy $doge
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