In your interest.
Online Personal Finance Magazine
No beating about the bush.
Morgan Stanley’s equity team says that it is too early to purchase stocks. It feels that the risks remain too numerous to ride the recent uptrend in stocks. The 1994 and 2004 recoveries suffered through several quarters of range-bound and lower prices. Both years, the market stumbled as investors tried to digest the beginning of the Fed’s tightening. Morgan Stanley believes that the global tightening phase has already started.