A $645 Billion Manager Says Calling the Market Bottom Is ‘A Mug’s Game’
- Aberdeen’s head of Asia Young says ‘nobody has the answer’
- Mark Mobius, emerging markets investing legend, agrees
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The coronavirus market sell-off is probably past its worst, strategists at Morgan Stanley have said. Jeffrey Gundlach sees bigger losses ahead, while Howard Marks went from bearish to more optimistic in a week.
For another veteran investor, calls on whether equities have reached a bottom are nothing short of futile.