The impact of coronavirus on the market was so great due to investor panic and the temporary nature of the effects of the virus. There are threats far more important to the market, said Ray Dalio, who controls $ 160 billion in assets of Bridgewater Associates.
He admitted that he “does not understand when it comes to a pandemic,” but that does not stop him from pausing the panic button of the coronavirus. This was reported by MarketWatch with reference to the investor’s speech at the Web Summit conference in Abu Dhabi.
“What worries me the most is when the recession will happen (the last crisis was 11 years ago). Whether in one, two or three years, but the recession will be with the greater polarity that exists now, the gap between the rich and the poor and the political gap “It would bother me more,” said Ray Dalio.
Ray Dalio also believes that the Chinese coronavirus will eventually have a short-term impact on the stock market.
Investor fears about the epidemic “probably had a somewhat exaggerated effect on asset pricing for its temporary nature, so I expect more rebound,” the billionaire said. In his opinion, in a year or two, investors will talk little about coronavirus, because there will be more pressing topics.