Sentiment High But Not Yet Extreme: Morgan Stanley
Even though equity prices continue to increase, driven by sentiment at least as much as fundamentals, analysts continue to be bullish. A number of metrics that identify investor sentiment are high but “not yet extreme,” according to Morgan Stanley (NYSE:MS) analyst Ronan Carr, signaling that we could be reaching a peak. Carr cautions investors against putting too much new money into equities and identifies what could be the catalyst for a downward correction – falling liquidity.
Sentiments suggest . . .
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