Ray Dalio: I think the coronavirus situation will go away quickly

Ray Dalio was of the opinion that the effects of the coronavirus on the markets were exaggerated and would quickly disappear. And undoubtedly, markets are at their peak.

Investors’ worries about the pandemic “had rather an exaggerated negative effect because of the current period of fear, so I would rather expect an upswing from here on out.” – says Dalio, billionaire and founder of Bridgewater Associates.

Sentiment risk is currently improving as investors try to understand whether the virus situation is likely to stabilize. However, the number of those infected is already over 40,000 and the death toll is over 1,000.

According to Dalio, investors should focus on issues such as wealth distribution, politics, China’s rise, technology and the environment.

Source: Bloomberg Finance L.P.

Photo: Flickr

 Trader Martin Nikolov

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