Bank turmoil could bring 'vicious' end to bear market, Morgan Stanley says

SlateStone Wealth chief market strategist Kenny Polcari joined ‘Varney & Co.’ to discuss the U.S. banking crisis, predicting its impact on the stock market.

Michael Wilson, the chief U.S. equity strategist at Morgan Stanley and a longtime Wall Street bear, said in an analyst note on Monday that theis in the early and painful stages of exiting the bear market than began in the summer. He suggested that stocks are still not worth the risk, particularly when investors can turn to safer assets like Treasurys and other bonds. Until the equity risk premium – which measures the expected return on stocks above the risk-free rate – climbs as high as 250 basis points, the S&P 500 will remain unattractive. The ERP is currently at 230 basis points. / Getty Images)

Stocks closed down on Friday, with big declines at mid-sized, regional banks despite an unprecedented effort to. Despite the losses, the S&P 500 and Nasdaq Composite notched increases for the week.

the whales are getting nervous and pumping up the lake seeing torches n pitchfork on the beaches

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Bank stocks whipsawed last week but bank profit estimates barely budgedWall Street analysts who try to predict companies' results have been calmer about financial-industry profits overall. At least so far. Wow, so much effort just to end up right back where they started! It's interesting to see how Wall Street and businesses on the ground are responding differently to bank earnings this week. BankEarnings 'Must be nice to be on Wall Street. Meanwhile us plebs are just scrambling to make ends meet.'
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