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Duck!

hank
edited August 13 in Other Investing
Morgan Stanley's Wilson Sees Few Signs of Bear Market in Stocks

- Bloomberg article today

Excerpts from 2 different paragraphs. (I’ll try to link, but you might not be able to access article w/o a subscription.

”Chances of a full-fledged stock market rout are low, even though poor seasonality and a murky growth outlook are likely to limit US equity gains through the rest of the quarter, according to Morgan Stanley’s Mike Wilson.”

”I find it hard to believe we’re going to break out back toward the highs,” he said Tuesday in an interview with Bloomberg Television. “I also don’t think we’re going to completely break down in a way that would argue that we’re entering a new bear market.’”

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Comments

  • JD_co
    edited August 13
    The consumer is pulling back a bit, and this is reflected in Retail companies' earnings. Not the end of the world, but I can't remember the last time we saw folks zip up their wallets in the US.

    Consumers are the engine, no? Probably not going to see a bear market unless jobs disappear.
  • rforno
    When the Goldman CIO echoes this view, then I agree it's time to head for the hills, weigh anchor, pack a sandwich, and ride out the storm...
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