'After 10 years of being on steroids, I’d say this market is very fragile. I was looking for something to turn the bull market out. The virus was the needle that pricked the bubble.'
After another worst-session since 1987 for the Dow industrials DJIA, +5.19%, complete with 3,000-point drop, some green has been lighting up the screens this morning
Our call of the day comes from a forecaster who escaped this bear market by exiting 90% of stocks before the virus started to grip the world, after he warned months prior of too much optimism for equities. Yves Lamoureux, the president of macroeconomic research firm Lamoureux & Co. who correctly predicted a panic event of 2018, now sees a series of rolling bear markets ahead.
He believes markets may be reaching the end of the current selloff — though it will expose overindebted companies and consumers — and that should open up opportunities to selectively pick companies. But it isn’t over. The chart Saxo Bank’s chief investment officer Steen Jacobsen shares this chart of past and present bear markets.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
The Top Fall 2020 Colors to Stock up on NowFrom a sweet lilac to a rich jade.
Les mer »
Remember When Reese Witherspoon Wore a Crop Top and Thigh-High Slit Skirt on Friends?Just a moment to say that Reese Witherspoon's iconic '00s outfit when she guest-starred on Friends deserves to be revisited.
Les mer »
The Top 10 Irish Musicians of All Time, in Honor of St. Patrick's DayVan Morrison and Thin Lizzy duke it out with U2
Les mer »
Top doctor is calling for a national quarantineDr. Ashish Jha calls for a national quarantine. 'We have two choices ... we can either have a national quarantine now ... or we can not – wait another week, and when things look really terrible, be forced into it.'
Les mer »
Trump claims coronavirus is under control -- contradicting reality and his own top expertAmerica's top infectious diseases expert is warning that hundreds of thousands of Americans could die unless every citizen joins an effort to blunt the coronavirus pandemic -- only to be contradicted by President Donald Trump, who insists the virus is under 'tremendous' control.
Les mer »
Imported coronavirus infections top new local cases in China for fourth dayChina reported on Tuesday another rise in confirmed coronavirus cases as infecti...
Les mer »