Ray Dalio clarifies his previous comments that the market impact of coronavirus has been 'exaggerated'
that he believes coronavirus could have a substantial impact in the near-term, but that the market sell-off did not reflect the temporary nature of the outbreak. at a conference in Abu Dhabi that the coronavirus"probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that."
Dalio, who runs Bridgewater Associates — the largest hedge fund in the world — corrected what he meant by those comments in his post. "I think the most likely outcome is that this virus will be a larger version of SARS that will have a significant temporary effect but won't have a big long term influence, so the downward market price moves related to it are probably becoming exaggerated," he said.
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