Stock market outlook: Save cash for stock shopping list - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Investors need to brave 'ghosts of 2008' and keep cash ready amid the coronavirus sell-off, top market strategist says

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The economic threat posed by coronavirus is "the perfect storm" of numerous market pressures, Rich Steinberg, chief market strategist at The Colony Group, told Markets Insider in an interview.

Instead of freezing in their tracks, investors should shore up cash and make a "shopping list of stocks" to buy up once they hit desirable prices, the strategist said. Markets are reacting similarly to the coronavirus pandemic, but the latest market threat "is not the same" as that financial crisis, the chief market strategist at The Colony Group told Markets Insider in an interview. Markets' spike in volatility came from a number of dormant factors and reignited market panic not seen in more than a decade, the strategist said.

Even if investors are frozen in their tracks, Steinberg recommends they move now if they're looking to win down the road. The sell-off gives investors the perfect time to review their portfolios and shore up cash for buying in the near future, he said. Companies with "strong cash flow, strong franchises, good governance" are best positioned for weathering coronavirus risks.

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:

 /  🏆 729. in US
 

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

We used all of that cash for toilet paper. I guess we weren't brave enough ghosts this time. Maybe next crisis!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus stock market strategy, why it's time to buy: Jeremy Siegel - Business Insider'One of the buying opportunities of a lifetime': Here's why Wharton professor Jeremy Siegel thinks the coronavirus-driven stock rout is laying the foundation for a massive bounce back NotoriousPBnJ Wharton's Jeremy Siegel: There's light at the end of this dark tunnel via YouTube Just before the 28% crash he was bullish.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why I tripled my investment in the stock market this week - Business Insider'Adding more money to my investment and retirement funds fit my long-term plan and worked best for me.' Goals for NYSE DowJones, Nasdaq Let’s do •Home-stock-trading®️ •Home-bond-buying®️. Stocks 📊📈and Treasury Bonds📜. Let’s go and let’s do this! P.S. Hedge fund managers, you will still be relevant. …and get ready to BUY. Crapitalism, at its best
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market crash: Hedge fund strategy fails, could change investing - Business InsiderA popular trading strategy that preserves hedge funds during stock-market crashes just failed — and Morgan Stanley warns it could change investing as we know it Because you are thinking the traditional way ie everybody follow the rules but in reality one big player is not. They control their stock market and do whatever they want. Everyone lost except them! All analysis or predictions are garbage!
Source: BusinessInsider - 🏆 729. / 51 Read more »

What Wall Street wants Donald Trump to do to save the stock marketAs the coronavirus undid the economic gains of the past three years, financial professionals told Newsweek what President Trump should do. RESIGN. Too late for that! resign
Source: Newsweek - 🏆 468. / 52 Read more »

Stock market points up after days of plunging amid coronavirus pandemicU.S. financial markets on Friday were up 5 percent before the opening bell. Who knew giving away $1.5 Trillion would make the market happy. This will piss the democrats off buy stock in 29 days poor peeps if you can
Source: ABC - 🏆 471. / 51 Read more »