We have noted the similarities between the current risk rally and
previous years but Morgan Stanley's Laurence Mutkin is "getting worried"
that investors expect the second half of this year to be different (and
consistently bullish). Much of the current risk-on rally around the
world was sparked by Draghi's "whatever it takes" moment theoretically
reducing the downside tail-risk in Europe. Well, systemic risk in Europe is now at recent lows...
Read more: http://www.zerohedge.com/news/2013-02-01/morgan-stanley-europe-were-getting-worried
Read more: http://www.zerohedge.com/news/2013-02-01/morgan-stanley-europe-were-getting-worried
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