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Ray Dalio thinks the coronavirus' hit to global markets is probably exaggerated
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.” The comments from Dalio ... (full story)
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