A study of bear markets shows that in 70 percent of the cases stock markets fell back to a new low. In 30 percent there was a continuing recovery after a severe crash. We are probably experiencing the latter scenario now, according to BNP Paribas Fortis' chief strategist Philippe Gijsels.
Gijsels says that the bank has been busy buying attractively priced shares and high yield bonds for clients for some time now.
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