Markets have not hit the ‘absolute bottom’ yet, says Mark Mobius

Markets probably have not hit the “absolute bottom” yet, said veteran emerging markets investor Mark Mobius, who urged investors to keep cash on hand for buying opportunities.

“I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible,” Mobius, the founding partner of Mobius Capital Partners, said. He added that “things are pretty bad” from the…

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