Morgan Stanley's Investment Chief Says the Bear Market Is "Still Alive." Should You Invest?
After months of bear market blues, investors found something to cheer about in recent days: The S&P 500 finished last week 20% higher than its October low. And that's prompted many to call a bull market.
These times of market growth always follow bear markets. So, we knew a bull market was coming. But the big question was, when?
And that question may still remain. Morgan Stanley's chief investment officer Mike Wilson wrote in a Monday note that "the bear is still alive." And he said investors should expect more declines. Meanwhile, it's important to note that the start of a bull market generally involves the benchmark reaching a new record high -- and we're not there yet.
Source Fool.com
