John Authers, Columnist

The Bad News Is That the News Is Really Bad

The silver lining to this bear market is that we can expect a V-shaped recovery — if we avoid a credit crisis.

March 12, 2020 at 4:01 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Stock investors, avert your eyes.
Photographer: Al Drago/Bloomberg

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For stock market investors, the bad news is that the news has been so bad of late that a big decline in corporate earnings is inevitable. That will bring a bear market with it.