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More immediately, Wilson says, high growth software and other tech company stocks will feel sustained pressure and that will affect the broader market. He compared the fiasco to Bear Stearns' sale to JPMorgan Chase as the end of the financial excesses of the 2000s, the failed AOL-Time Warner merger that marked the height of the dotcom bubble, and the failed buyout of United Airlines that stopped the popularity of leveraged buyouts in the 1980s.
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JP Morgan upgrades euro zone stocks to overweight, downgrades USJ.P. Morgan has upgraded euro zone stocks to 'overweight' while downgrading their U.S. counterparts to 'neutral,' reversing a long-standing position.
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