Get rid of shares as quickly as possible, warns the legendary manager and billionaire. What are his reasons?
The situation is not good. We all know that. But some well-known names in the financial world see the world and economic events even blacker. The well-known skeptic Einhorn even advises investors to sell all their stocks and get out of the market as soon as possible!
Straight to the point - David Einhorn expects stocks to fall further. He fears that the Federal Reserve 's interest rate hikes will backfire, and fears that stubborn inflation will turn into a market disaster.
The head of Greenlight Capital expressed his concerns in a third-quarter letter to clients. He said the Fed seems intent on driving down stock prices as it tries to rein in inflation, which climbed to a 40-year high of 9.1% in June and remained above 8% in September.
As a result, he believes the current bear market will continue for some time. He plans to…
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