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JPMorgan, Citi and Goldman Sachs all believe there hasn't been enough pain to call a bottom yet

from CNBC

It's too soon to rush back into stocks after the market suffered its worst week since the financial crisis amid coronavirus concerns, strategists at major U.S. banks warned. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell more than 10 percent last week, their biggest weekly declines since October 2008. The Dow also had its largest one-day point decline on record last week. Those losses sent the major averages into a correction, down more than 10 percent from all-time highs set earlier in February. more


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