The stock market is going to come ripping back quickly, says global investor Barry Sternlicht

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Starwood Capital founder told CNBC on Friday that he expects the stock market to mount a fast recovery once the worst of the coronavirus outbreak is over.

Global investor Barry Sternlicht told CNBC on Friday that he expects the stock market to mount a fast recovery once the worst of the coronavirus outbreak is over.However, the founder and chief of investment firm Starwood Capital said onthat he sees a "V-shaped almost for sure" bounce back for the market, meaning a quick down and a quick back up.

Sternlicht, who has invested and run businesses through many financial crises, called the outbreak a short-term issue that "will be finished here, whether it's 30 days or 60 days or 90 days." "I ran Starwood Hotels through 9/11, through SARS, though the financial crisis. Hotels came back. Everything came back," he said. "This will be even faster because this is really a health-care scare. And all the bad news is roughly out there."

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:

 /  🏆 12. in MY
 

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

Whatever is powerful British Guardsmen collect on earth power is owned by them etc

ripping back on what?

Barry and the Fantastical Beasts and Where to fantasize about them. First he's assuming the 2nd quarter GDP will be bad, which it will be, and that's still 3 1/2 months away. Could be another leg down after that and earnings. And how many Trillions in debt will we be by then?

With 0 interest rates - what's the alternative?

so true... And bounce back as quickly as it fell.

Lol wrong

Only if the virus is contained.

Barry... Dancing by himself, drink in hand.

I wish Barry or LarryKudlow would have told me they saw this coming. Now instead of feeding my kids Froot Loops all I have is this Snapchat stock. 🤡

We hope so ....

Sucker!!!

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.

With stocks selling off as rapidly as 1987, some analysts wonder if they can bounce as fast tooAnalysts are comparing the stock market's swift selloff to the crash of 1987 because both markets reached bear market territory quickly. jimmy cracked corn and i don't care. They will. All the Robinhood Bros are going to save us all. Best buying opportunity since 2008
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks plunge after Trump announces coronavirus response package - Business InsiderGlobal stocks and US stock market futures dropped late Wednesday with futures for the three major US indexes falling by more than 4.5%. Because there was no response package 🤷🏼‍♂️ Oh well, it will bounce back. Capitalism fails every time it’s tried.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billionaire investor Mark Cuban adds to his Twitter stake as stock market cratersCuban said on 'Halftime Report' that the market has not 'hit a level that is really out of line.'
Source: CNBC - 🏆 12. / 72 Read more »

Here's what's driving market volatility after the global stock routMarkets are set for a wild day of trading on Friday as volatility takes hold following a historic sell-off around the world. The news media Can we please stop with Mohamed El Erian? He's like the Grim Reaper or something!!
Source: CNBC - 🏆 12. / 72 Read more »