Michael Cembalest said that negative thoughts were hampering returns.
JPMorgan's top investment strategist says that bearish markets and recession fears are in part fuelled by economists and money managers whose negative commentary adds to a spiral of decline. Michael Cembalest, chairman of market and investment strategy at JPMorgan called them"Armageddonists." Cembalest says investors lose out. View Business Insider's homepage for more stories.
JPMorgan's top investment strategist says that bearish markets and recession fears are in part fuelled by economists and money managers whose negative commentary adds to a spiral of decline. Michael Cembalest, chairman of market and investment strategy at JPMorgan called them"Armageddonists." Cembalest says investors lose out. View Business Insider's homepage for more stories.
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