Tuesday, January 31, 2012
USA & Europe Will Slip Into Recession
The risk is high!
Jeff Applegate, chief investment officer at Morgan Stanley, is no raging bull either. “Europe and the United States will slip into recession this year,” he predicts to The Times. That’s not exactly a recipe for a run-up in stocks.
Indeed Morgan Stanley has recommended that clients trim back their stock allocations. “We think there’s risk of more downside,” Applegate says.