Saturday, February 2, 2013

Morgan Stanley On Europe: "We're Getting Worried"

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

No comments: