why were top investment banks warning people of a stock market crash in 2019 & to sell stocks?
- zman492Lv 71 month agoFavorite 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.
- StephenWeinsteinLv 71 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.
- MattLv 71 month ago
because they are idiots