In an almost direct response to UBS Morgan’s beats the bull drum..

“History tells us that after corrections run their course and volatility peaks, forward equity returns
are usually positive”.

I’m not so sure about that call.. In truth what we need is more money printing, plain and simple. Thats the only thing that will keep asset prices from falling off a cliff. With Bank of America flash crashing down today by nearly 28% earlier and Citi down over 50% for the year i wonder if anyone is listening out there. Fire up those helicopters soon guys or the helicopter may be dismantled for spares by rioters. lol.

MSSB-Market-Correction-Not-Start-of-Cyclical-Bear-Market-8-5-11

Rich

 

 

 

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