A turnaround on the horizon? The end of the bearmarket is around the corner, promises top expert and well-known sceptic
All kinds of negative influences are shaking the market. Analysts, experts and investors are racing to see which one will come up with the more accurate catastrophic scenario. But now one of the biggest skeptics has sprung a surprise. He claims the opposite!
Negative thoughts and attitudes have already fallen on almost everyone this year. But now one of the biggest doomsayers has done a 180.
Mike Wilson of Morgan Stanley, a well-known stock market skeptic who correctly predicted this year's downturn, believes the bear market in U.S. stocks may be over sooner than investors think.
"We think that ultimately the bear market will probably end sometime in the first quarter of next year," Wilson said in an interview with Bloomberg Television. I want to be clear that if the market starts trading again and the S&P 500 breaks the 3,650 level to the downside, we'll be bearish again."
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