Barry Sternlicht, CEO, Starwood Money Group
Scott Mlyn | CNBC
International investor Barry Sternlicht told CNBC on Friday he expects the stock market place to mount a rapidly recovery once the worst of the coronavirus outbreak is more than.
“This is heading to be actually lousy, seriously quick,” he claimed.
On the other hand, the founder and main of investment decision organization Starwood Capital said on “Squawk Box” he sees a “V-shaped just about for absolutely sure” bounce for the market place, this means a swift down and a quick back again up.
Sternlicht, who has invested and run enterprises by quite a few economical crises, referred to as the outbreak a brief-expression issue that “will be concluded in this article, no matter if it is 30 days or 60 days or 90 times.”
“I ran Starwood Accommodations as a result of 9/11, by means of SARS, however the money disaster. Hotels arrived again. Every thing arrived back,” he claimed. “This will be even more rapidly due to the fact this is truly a wellbeing-treatment scare. And all the bad information is approximately out there.”