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You have to ‘cut multiple heads off’ to defeat this stock bull market
|07/11/2017||Posted by BusinessMediaguide.Com under General World News||
It’s going to take a heck of a lot more than some tech stock selling to derail the eight-year bull market.
So says Morgan Stanley, which is currently the most bullish firm on Wall Street, with a year-end price target of 2,700.
Prior to some recent selling in tech, stock skeptics were decrying narrow leadership as mega-cap companies like Amazon and Apple dragged the broader market higher. But Morgan Stanley said the rotation out of tech into more cyclical and attractively-priced sectors like financials and healthcare is a “positive sign of broadening participation.”
“Just as Hercules had to cut multiple heads off read more >>>