Stocks could tumble 20-30% on a 2nd-wave virus spike and China tensions, warns one long-standing market bull | Markets Insider

Longtime market bull Ed Yardeni sees escalating US-China tensions and rising coronavirus cases placing significant pressure on the stock market's steady rise.

Investors might be best off searching for value abroad, as markets in China, Japan, and Europe"are a heck of a lot cheaper than ours," the president of Yardeni Research said.The stock market's rally from March may face a reckoning due to newly inflamed US-China tensions and soaring coronavirus cases, according to Ed Yardeni, president of Yardeni Research.

"Overall I think the bull market is still intact but I think investors have to be concerned about a few things in the US," he said onRead more: For one, the US doesn't"seem to be handling the opening up of our economy" as well as governments in Asia and Europe have, Yardeni said. US coronavirus cases continue to climb, albeit at a slowing pace, and fuel concerns of a prolonged recession. The positive economic data seen in May and June is"vulnerable," Yardeni said. Reversed reopenings stand to quash prior progress and halt stocks' run-up.

This doesn’t matter! ETFs and index funds are always up over long time horizons! Time in the market always beats market timing!

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The Fed has been propping up the market because it's all Donald has to brag about. It's a lie and also THE STOCK MARKET IS NOT THE ECONOMY.

Not much of a prediction. Stocks could always tumble 20-30%.

He knows nothing ! In 1st virus wave DJ go from 20k to 27k I guess in second virus wave we will see 45000 Dow JONES !!

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