![\"paul](\"https:\/\/static5.businessinsider.com\/image\/53d91aa9eab8ea3b3954e63d-2400\/paul-singer-6.jpg\" "\\"Business\\"")
REUTERS\/ Steve Marcus<\/p>\n<\/p>\nREUTERS\/ Steve Marcus<\/p>\n<\/p>\n
Stocks could precipitate 50% from February high-pitcheds, the Elliott Management wrote in a Wednesday letter to consumers, Reuters reported Thursday<\/a>. That forecast implies a 39% recession from current positions as investors continue to sort through the financial hulk left by coronavirus. Although Elliott has bought some assets and attachment, it says “there does not appear to be a gilded cornucopia of gleaming negotiates, ” according to the letter. Read more on Business Insider.<\/a><\/p>\n The market rout encouraged by the coronavirus pandemic is still far from being over, are consistent with Elliott Management, the activist hedge fund firm led by billionaire investor Paul Singer.<\/p>\n Stocks could fall 50% from February high-priceds, the hedge fund wrote in a Wednesday letter to patients. That would imply a approximately 39% lowering from current levels. Reuters first reported<\/a> the contents of the report on Thursday.See the rest of the story at Business Insider<\/a><\/p>\n NOW WATCH: We researched a machine that brews beer at the push of a button<\/a><\/p>\n See Also \ud83d\ude1b TAGENDThe definitive accumulation of top Wall Street stock picks as coronavirus scourges markets<\/a>Jefferies lays out 5 work-from-home broths set to get a boost from the coronavirus lockdown — and shares 5 business that could take a hit<\/a>Terri Spath’s funds obstructed patient coin safe during the coronavirus rout, financial crisis, and tech bubble. Here’s how she’s done it and how she’s previously prepared to form large-scale gains in the aftermath .<\/a> <\/img><\/a>
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