We’ve had more good news in the stock markets this week, lending credence to the view that recent gains are more than just a ‘bear market rally.’ Markets are up their recent trough, reached on March 23, and the gains appear to be both substantial and lasting.Investment bank Morgan Stanley has been tracking the markets closely, watching for evidence that the true bottom has been reached. The bank’s US chief equity strategist, Mike Wilson, believes that it has. He points out the “unprecedented and unbridled monetary and fiscal intervention led by the U.S.” and goes on to add that, with …read more
Source:: Yahoo Finance
