Ongoing Market Selloff Is No Reason Not to Buy, Says Avenue’s Marc Lasry

Markets likely haven’t hit bottom but that’s no reason not to buy the dip, Marc Lasry, chief executive officer of Avenue Capital Group LLC, said in an interview with Bloomberg TV.

“You’re going to have more selling, more pain, and it will continue between now and the end of the year,” Lasry said. “But you can never time a bottom, so you want to get invested when you can.”