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re: Look for the powers that be to cause a market crash/correction right before 2020 election
Posted on 2/21/20 at 10:23 am to dcbl
Posted on 2/21/20 at 10:23 am to dcbl
The spread of the coronavirus could portend a stock market dip, according to a Goldman Sachs analysis.
The stock market has continued to reach new highs despite the spread of the deadly virus, but that trend may not continue, warns Goldman Sachs analyst Peter Oppenheimer said.
In the near term "we believe the greater risk is that the impact of the coronavirus on earnings may well be underestimated in current stock prices, suggesting that the risks of a correction are high," he wrote in the analysis released Wednesday.
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Oppenheimer said traders were following the playbook for the 2003 SARS outbreak, which came and went without much ado. This time around, however, China's economy is six times larger than it was when SARS broke out, meaning the drop of its growth projections from 5.9 percent to 5.5 percent will have a more significant global effect. LINK
The stock market has continued to reach new highs despite the spread of the deadly virus, but that trend may not continue, warns Goldman Sachs analyst Peter Oppenheimer said.
In the near term "we believe the greater risk is that the impact of the coronavirus on earnings may well be underestimated in current stock prices, suggesting that the risks of a correction are high," he wrote in the analysis released Wednesday.
ADVERTISEMENT
Oppenheimer said traders were following the playbook for the 2003 SARS outbreak, which came and went without much ado. This time around, however, China's economy is six times larger than it was when SARS broke out, meaning the drop of its growth projections from 5.9 percent to 5.5 percent will have a more significant global effect. LINK
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