Anonymous asked in Business & FinanceInvesting · 1 month ago

why were top investment banks warning people of a stock market crash in 2019 & to sell stocks?

3 Answers

  • 1 month ago
    Favorite Answer

    My best guess is that they did not predict a pandemic which would make Congress go along with borrowing trillions of dollars to prop up the economy.

  • 1 month ago

    Because stock prices were already ridiculously high.  The only reason they aren't down more now is that COVID-19 caused the fed to drop interest rates to nearly zero and to say that they will be staying there for the foreseeable future.

  • Matt
    Lv 7
    1 month ago

    because they are idiots

Still have questions? Get your answers by asking now.