Morgan Stanley issues triple sell warning on equities

Probably his mention of "Investors taking too much comfort from global liquidity..."

The Greater Fool Theory is "there is ALWAYS a Greater Fool than the last buyer [you?] who will pay an even higher price".

 

Things have changed haven't they.

Finally some HONESTY from an analyst.

 

probably released this after they shorted the market though

 

dr j on tv tue morn said nyse has all time record short stocks

 

What's "on fire" for France, these days? A GDP of 2.1%? The ECB has been talking to inflation, nothing else, in their statements about rates.

 

"We Remain Neutral on Equities."
"The correction may only happen when sentiment turns outright bullish."

Not real ballsey, but newsworthy from the"man bites dog" standpoint.

 

fwiw Morgan was a big seller throughout yesterday at the pit.