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G Sachs, M Stanley Warn of 10-20% Equity Mkt Correction Risks
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Goldman Sachs and Morgan Stanley have warned investors that the equity markets may experience a correction and drop by 10-20% over the next 1-2 years. David Solomon, CEO at Goldman Sachs, said this correction is a normal characteristic of a long-term bull market, and clients should maintain their investments and review portfolio allocations rather than attempting to buy on dips. Also agreeing that the correction is a healthy trend rather than a sign of crisis, Ted Pick, CEO at Morgan Stanley, stressed that investors should welcome cyclical corrections. AAStocks Financial News |
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