I have zero trust in their analysis and target price.
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Morgan Stanley: We are in a bear marketMorgan Stanley thinks the bull market is already over -- investors just don't realize it yet. Is the Trump/Ryan ballooning deficit a good thing during a relatively goid economy? Economic inertia...
Source: CNN - 🏆 4. / 95 Read more »
Investors should 'embrace' a recession and watch for retest of market lows, Morgan Stanley saysMorgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December's low, and it is very likely to retest that level. Im still waiting for the StockMarket to crash, that's what you claimed if Trump was elected president. I'll embrace it, as long as the FED continues to raise rates, so my cash can make more through it. The probability of an analyst getting something right that he called a year ago and then assume he has it right in a 2600 resistance level stand-off is arrogant.
Source: CNBC - 🏆 12. / 72 Read more »