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."
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!!!
Sverige Senaste nytt, Sverige Rubriker
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