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A Wall Street wealth chief breaks down why the coronavirus bear market may be unique in history - and pinpoints the areas where traders should be buying right now

1 month ago   |   By Business Insider

Glenmede's Jason Pride and Michael Reynolds say it's possible to identify three types of bear markets. And so far, the current downturn matches the shortest and least severe type.
However, they say that if anti-pandemic measures stay in place long enough, the result would be the longest and most severe type of bear market, associated with recoveries that take almost a decade.
In the face of that frightening prospect, they're telling investors to think very long-term.
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If investors didn't have enough to worry about already, they might have...
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3 ways the recent stock market plunge differs from the 2008 crash, according to a former Wall Street exec who had a front-row seat

3 ways the recent stock market plunge differs from the 2008 crash, according to a former Wall Street exec who had a front-row seat

1 month ago   |   By Business Insider

While the coronavirus crash feels similar to the 2008 stock market crash, it's not fundamentally the same, says Sallie Krawcheck, former CFO at Citi and founder and CEO of investing company Ellevest .
While the 2008 crash was a slow burn, the coronavirus' economic impacts have been swift and the causes are much different, says Krawcheck.
The unprecedented nature and health concerns of coronavirus add a layer of complexity this time, she says, and the recovery path for this crash is unclear.
While Krawcheck says there are differences, she also says there's one similarity: The economy will...
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Barclays is the biggest bear on Wall Street and says there's a chance of an 'L-shaped' recovery

Barclays is the biggest bear on Wall Street and says there's a chance of an 'L-shaped' recovery

1 month ago   |   By CNBC

Barclays cut its year-end target on the S&P 500 to 2,500 from 3,000, representing the most bearish forecast on Wall Street.
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