Wednesday, 06 June 2007

Morgan Stanley Recommends Cutting Stocks, Says Signs Point to Triple Sell

(Bloomberg) -- Morgan Stanley has recommended that
investors reduce their European share holdings after its three
leading warning signals all indicated for the first time in five
years that the stock markets will decline in the months ahead.

``Our indicators are suggesting an equity market
correction,'' wrote Morgan Stanley Chief European Equities
Strategist Teun Draaisma. ``Such a full house sell signal is
rare, and has occurred only five times since 1980.''


Read more at Bloomberg Stocks News

No comments: