. That can be a good thing, but it creates a Catch-22: If all the cheaper stocks go up, where can investors find bargains?
"We are still skeptical of banks to meaningfully stage anything other than a tactical rally," he wrote in a note to clients. "They are tied to the economic cycle, to the default cycle that we still face and to the uncertainties of the evolution of policy." He adds that instead of focusing on share prices or the economic cycle, he wants to recommend companies whose businesses have real potential and not just financial appeal based on their fallen stock prices.
Because rich ppl always want to give ppl tips on the secret to their wealth...
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