[BUY BUY BUY] Morgan Stanley’s Super Bull
Apparently, some readers are having trouble locating our coverage of Teun Draaisma and his prediction of bull market mania.
For a taste of the Morgan Stanley strategist, the best place to start is to click here.
[BUY BUY BUY] Draaisma’s ‘Think Big’ – IV
Recommendations:
Asset Allocation — Overweight equities (3% above benchmark), Neutral cash, Underweight bonds (3% below benchmark). With valuations attractive, sentiment negative and fundamentals likely to improve,
[BUY BUY BUY] Draaisma’s ‘Think Big’ – III
Fundamentals are uncertain and risky, but because inflation is not yet a real problem, rates are flexible and can stabilize the growth outlook, eventually. And remember, if things get less bad, that would be good enough for markets to go higher.
[BUY BUY BUY] Draaisma’s ‘Think Big’ – II
Valuations are attractive
Our market timing indicators, which gave us a full house sell signal in June (see A Full House Sell Signal, June 4, 2007), are now at much more attractive levels. We don’t have a strong buy signal yet,
[BUY BUY BUY] Draaisma’s ‘Think Big’ – I
Think Big
We received a healthy amount of pushback on our call from mid-August to start buying equities again. Pushback is good. We know that we may well be on the right track with a call, when we get a lot of investor pushback.
[BUY BUY BUY] says Morgan Stanley’s Draaisma
Could this be the most delirious call on stock prices in the modern era? And when we say “delirious,” we mean in a thoroughly joyous sense. There is no suggestion that the pundit in question might have been on the mescal.