The fast-spreading virus, which has so far killed 1,018 people and sickened more than 43,000 across 28 countries, “probably had a bit of an exaggerated effect on the pricing of assets,” the billionaire hedge fund manager told a panel audience on Tuesday.
Some Wall Street bulls say they fear the virus could lead to a stock market correction and that it currently poses the single biggest threat the market’s rally. Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Institute of International Finance annual membership meeting in Washington, D.C., U.S., on Friday, Oct. 18, 2019.ABU DHABI, United Arab Emirates — Billionaire hedge fund giant Ray Dalio thinks the roller-coaster impact of the new coronavirus on markets is likely exaggerated.
The fast-spreading virus, which has so far killed 1,018 people and sickened more than 43,000 across 28 countries, "probably had a bit of an exaggerated effect on the pricing of assets," he told attendees of the 2020 annual Milken Conference in Abu Dhabi Tuesday. "Because of the temporary nature of that, I would expect more of a rebound. It most likely will be something that in another year or two will be well beyond what everyone will be talking about."
Source: News Formal (newsformal.com)
In spite of my admiration for Mr Dalio, I fear that he might be wrong this time. The highly infectious nature of the virus coupled with our lack of understanding of possibly a biological weapon definitely elevate risks to a new level. Time to get defensive.
I hope so because the impact on equities has been HUGE 🙄
Another wannabe virologist. Thanks bro but I will listen to actual sciences this one
He’s talking about oil, I guess. Nasdaq hit record high
Sorry mate lol
What about his trade? Expiration in march?
He is just scrambling to savage investments which will go sour. RayDalio
Nothing to see here, folks...
More charlatan permabullshit
It is a big TBD Dalio.
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