Thomas Lee was fired and ridiculed for being permanent. The Wall Street analysts were also right.
On the morning of March 24, Lee, co-founder of research firm Fundstrat Global Advisors, told more than 1,000 customers at his company’s conference call that the market would hit new highs by the end of summer. Told.
Lee’s prophecy was unlikely. At that moment, the Covid-19 pandemic stagnated New York and collapsed several markets. But by August, the market had returned to new highs.
“We have saved many people from the disaster,” said Lee, who provides stock research and market forecasts for his 17-member team. “Sometimes I have to put my hat on the ground and say,” This is the bottom. ” “
Growing up in Michigan for the past 30 years, Lee has earned a reputation as one of Wall Street’s most active market optimists, Kidder, Peabody & Company, Salomon Smith Bernie, JP Morgan Chase & He is involved in the company and now his own research. Our company.
Thomas Lee said “buying” that Covid-19 caused a meltdown in the stock market
Source link Thomas Lee said “buying” that Covid-19 caused a meltdown in the stock market