Friday, December 7, 2007

Morgan Stanley projections.....again

Extra! Extra! Morgan Stanley gives their projections for Europe! Just a couple of days ago they said we'll have "a housing recession like none ever imagined or experienced." I put a picture by that piece just so you wouldn't forget.

Look at this piece of "research" of their projections for European equities next year:
  • 45% chance of negative returns.
  • 35% chance of -19% return.
  • 20% chance of a +28% melt-up!
So we could have a housing depression, but stocks could be down 19% or up 28%!

Isn't that a beauty? That's Wall Street research. Extra ! Extra! And you have to pay for this!

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