on Thursday that investors should not expect a quick recovery in stocks when a bottom is finally reached.
El-Erian said, "Hell no," about so-called V-shaped bounce; Wall Street talk for a quick down and quick up. He said the market chart would look like a "U" or an "L," suggesting more time spent at the lows before a recovery begins. When the stock market snaps back, and he believes it eventually will, El-Erian said it would lead the recovery in the economy. He said that global economies will be slower to restart after the shock of the coronavirus.that individual investors should "resist our inclination to buy the dip" as coronavirus concerns were just starting take stocks lower. He has not wavered in that advice since.
On Monday, he said the stock market could experience a "20%, 30% drop in prices" from mid-February's record highs. He said Thursday he believes the market will drop closer to the 30% part of that range.
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:
Get this guy off your screen!! And mine
Perspective
I'm buying tonight
We almost there then right?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?The deep declines in the U.S. stock market over the last three weeks has left a ... Check out our page for daily infographics on the coronavirus and its global economic coronavirus COVID2019 painlesspolitics Latest Figure Of Death Toll As On March 11, 2020 – 4,285. Get live updates here. Corona COVID COVID19 Shame reuters, shame
Source: Reuters - 🏆 2. / 97 Read more »
This Dow member has beaten the market during the last three recessionsFor investors increasingly worried that the coronavirus would tip the U.S. economy into a recession, buy this stock as it has trounced the market during the past three downturns.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to decline as Dow enters bear market; WHO declares coronavirus outbreak a pandemicThe Dow Jones Industrial Average plunged into bear market territory overnight as the World Health Organization declared the coronavirus outbreak as a global pandemic. October 19, 1987, the Dow shed 22% in a single day. Better news, Comcast NBC Universal has crashed this month 2020 Pandemic ZERO DEATHS in Russia
Source: CNBC - 🏆 12. / 72 Read more »
Media Stocks Tick Back Up After Coronavirus-Fueled MeltdownFinancial markets regained some lost ground Tuesday as investors looked to snap up bargains, coming after Monday’s biggest one-day declines in U.S. stocks in 12 years driven by fears over the… I guess if people are staying home they figure they're going to watch TV
Source: Variety - 🏆 108. / 63 Read more »