Stocks Are Too Rich For Rich People, Europeans Are Terrified, And A ‘Remarkable Liquidity Opportunity’

Stocks Are Too Rich For Rich People, Europeans Are Terrified, And A ‘Remarkable Liquidity Opportunity’

Rich folks think this market is too rich for them. 61% of more than 4,000 investors and business owners with at least $1 million in investable assets or in annual revenue, polled by UBS would like to see stocks fall between 5% and 20% before jumping in. The survey was conducted between April 1 and April 20. Less than a quarter said it's a good time to buy right now, and 16% said this is a bear market and as such, diving in could be perilous. That gives you an idea of what the rich are think
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One thought on “Stocks Are Too Rich For Rich People, Europeans Are Terrified, And A ‘Remarkable Liquidity Opportunity’

  1. Still squinting to see that light at the end of this tunnel. SPX sees it, that’s for sure. GILD headline is nice, but still inconclusive. Partial reopenings here and there (although mostly just “plans”, all predicated on mass testing that is nowhere close to available yet, and contact tracing, which will be a joke in the US).

    Our new case count chart may have flattened, but 25K – 35K new cases a day on a steady basis still seems like Bad News to me, especially given that these persistent increases are occurring while lockdown measures are (supposedly) in place.

    Guess I just need to squint harder.

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