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If you’re thinking about buying the dip in stocks, you might want to think again. According to Paul Tudor Jones, the billionaire founder of Tudor Investment Corporation, it’s still not the time to go on a shopping spree. “You can’t think of a worse environment than where we are right now for financial assets,” he told CNBC on Tuesday, adding that “clearly you don’t want to own bonds and stocks.” Instead of aiming for high returns, the hedge fund manager says protecting your money should be the priority.

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