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https://marketwatch.com/story/heres-why-one-longtime-market-bull-is-keeping-powder-dry-even-with-the-fed-giving-a-green-light-to-buy-stocks-2020-02-09That’s Yardeni pointing to the possibility of a 10% drop from recent market highs in an interview on CNBC on Friday.....
Yardeni, who says he’s going to keep cash on the sidelines until he gets more clarity on the coronavirus, remains bullish longer term.
“Interest rates are so extraordinarily low,” he said. “The central banks have basically provided no interesting reasons to buy in the fixed-income markets and lots of reasons to buy in the stock market.”