Morgan Stanley's Mike Wilson says he doesn't want stocks to snap back tomorrow

The wild start to the week follows last week's dramatic sell-off, which saw theWilson, who was saying the market waslong before the recent pullback amid the coronavirus breakout, said some growth stocks are still overvalued.

"I think the biggest risk in the market is still in these high-multiple growth stocks that are over-owned and over-loved because they are not pricing in any kind of recession risk," Wilson said. "That's not our call yet, just to be clear we're not saying there's a definite recession, but the earnings are going to have to come down for all of these companies."

Wilson said that his team had added Mastercard to its model portfolio this week and that investors should take a closer look at downtrodden energy and financial stocks.

When u have naked puts

Wish more than likely granted

Too bad because they are going to snap back so hard 😆

People who are short, and in the money, saying this!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Snap Back After Fed MoveThe Dow Jones Industrial Average fell or 0.2% after staging its biggest one-day rally in nearly a decade Monday. The S&P 500 lost 0.4% and the Nasdaq Composite fell 0.2% So many damn bots in our markets Yup, because the world knows Trump isn't up to the task of stopping a pandemic. Pouring more and more money by the fed into the markets will end the same way it did under Reagan and GW. Time to think about investing while the market is still bouncing up and down. Buy it on a down day knowing that it will eventually go up.
Source: WSJ - 🏆 98. / 63 Read more »