US stocks have slid as investors mulled the timeline for the White House's stimulus measures in response to the coronavirus outbreak. Losses accelerated after the WHO declared coronavirus a pandemic.
, citing the growing fallout from the coronavirus outbreak and the new oil-market chaos. Analysts at the firm said they expected the benchmark index to post its first annual profit contraction in five years as the two threats tear into corporate growth and economic activity.
The 11-year bull market"will soon end" as the global economy grapples with escalating risks, but markets should bounce back once the virus can be contained, Goldman said Wednesday morning. Investors mulling their next move in the new bear market should have enough cash to get through immediate needs over the next 12 to 24 months, Rich Steinberg, chief market strategist at The Colony Group, told Markets Insider. After that, the market decline serves as an attractive entry point for those who can stomach short-term volatility, the strategist said.
"It's hard to pull that trigger, but investors should have a shopping list of names that they didn't think they could own because they were too expensive," he added.
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