Investor who predicted the start of the 2009 bull market: Beware of a double bottom

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 71%

United States News News

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

From the investor who predicted the start of the 2009 bull market: Beware of a double bottom. YahooFinance

Legendary investor Mark Mobius is famous for a lot of things over the course of his nearly half-century career managing money, but even among his many accolades his prescient prediction of the beginning of the 2009 bull market stands out.

“I think it's a little early to predict that because given the lockdown that we have seen globally in so many countries around the world, the impact of this lockdown on businesses, it's not going to be seen immediately,” the Mobius Capital Partners founder told Yahoo Finance’s YFi PM. “So I believe that once the numbers start coming in, people will be somewhat disappointed.”

“The most expensive words in the world are ‘This time is different.’ I don't think this time it's different,” he said. “I think we’re probably maybe going to do a double bottom, jumping down again and pushing up again.”

 

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

 /  🏆 3. in US

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.

Investors await data on coronavirus drugs as market rally buildsClinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month's plunge, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investorsTop U.S. Securities and Exchange Commission (SEC) official said on Tuesday said that companies in discussions about bailouts stemming from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »