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Here is a link to the article.“If you believe the market... there is an expectation of a severe economic disruption coming in the form of school closures, no large gatherings, widespread business closures, and everything else,” Bianco said on The Final Round on Wednesday.
“....the old 20 P/E is now going to be a 12 to 15 P/E,” Bianco said. “That means the market's going to go down 20% or 30%. Alright, it went down half that – around 10% or 15% so far. So we're about halfway there right now.”