Fear Has Gone Missing in Wall Street’s Slow-Motion Bear Market
For all the pain that has piled up in the US stock market, one thing has been in surprisingly short supply: Fear.
For all the pain that has piled up in the US stock market, one thing has been in surprisingly short supply: Fear.
Despite the carnage, Wall Street analysts still advise investors to buy, buy, buy stocks.
The rout in tech stocks may not yet be done, warns a long-time investor in the space.
Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts.
With fervor in markets receding, investors will need to critically focus on fundamentals and security selection to ride out the turbulence.
“I don’t think there is a playbook we can turn to from the global financial crisis or the dotcom bust or anything else,” Matt Cwiertnia, Ares Mgmt.
US stocks attracted $14.8 billion in the week to June 15, their sixth consecutive week of additions, according to Bank of America Corp.