PayPal stock saw its IBD SmartSelect Composite Rating rise to 97 Wednesday, up from 94, meaning it outperforms most stocks in key measurements. Read More...
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Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass
Kyle Bass, chief investment officer of Hayman Capital Management, believes “this too shall pass,” when it comes to Monday’s deep selloff — the Dow Jones Industrial Average (DJIA)was down more than 2,100 points — but he’s in no hurry to buy up stocks at bargain prices. ‘If you’re asking for when the financial markets see peak virus, I think it’ll be about a month from now.’ At this point, Bass says he’s not buying or selling, instead he’ll just be watching “one of the most interesting financial collapses that we’ve seen in the past 15 to 20 years.”
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