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Coronavirus could spark a 20% tech pullback, investor Paul Meeks warns

Coronavirus could spark a 20% tech pullback, investor Paul Meeks warns

Monday, February 24, 2020, 8:47 AM

Investor Paul Meeks is bracing for a bear market in technology. Meeks, who's known for running the world's largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. "Apple is grossly overvalued," said Meeks, who has $700 million in assets under management. Meeks may have a discouraging forecast, but he's not predicting a recession.
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