Morgan Stanley says, SELL, SELL, SELL!
On Wednesday, June 6, 2007 - Morgan Stanley issued a "full house sell signal," saying three of its leading indicators - bond yields, Institute for Supply Management new orders, and valuation and risk - showed it was time to sell.
Such a full house sell signal across these three indicators is rare and has occurred only five times since 1980.
Equities have always been down in the next six months on average by 15 percent, following such an announcement. Previous occassions include September 1987 and April 2002.
Which side of these odds do you choose to be on?
* * * * *
Such a full house sell signal across these three indicators is rare and has occurred only five times since 1980.
Equities have always been down in the next six months on average by 15 percent, following such an announcement. Previous occassions include September 1987 and April 2002.
Which side of these odds do you choose to be on?
* * * * *
posted by Bob Moser at
7:07 PM
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