MS Expresses Emerging Market Stock Concerns That Could Apply To U.S.

As emerging market stock concerns appear, the burning question among forward looking market players is now centered on the credibility of the current bull market around the world. After the U.S. stock market, as benchmarked by the S&P 500 index, has recently climbed above the 2050 resistance level and triggered a certain degree of long algorithmic traders to add fuel to the fire, how much further can the market go? Taking a look at the emerging markets, which can at times be used as a correlated indicator to market action, Morgan Stanley is sounding a bearish tone on the MSCI…