Morgan Stanley — Tricks and Treats: Ten Surprises for 2009

Morgan Stanley — Tricks and Treats: Ten Surprises for 2009

Pete Seeley, Director of Investment Strategies for Morgan Stanley, believes that “fears of ‘The Great Unraveling’ appear to have replaced hopes for ‘The Great Moderation’. While 2008 was far more volatile than most analysts expected, I do not expect either an epic unraveling or a return to the status quo ante. However, turbulence likely will continue as manic-depressive markets swing between fear and hope.”

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