Monday, July 16, 2007

Morgan Stanley Says Time to Sell European Stocks as Inflation Quickens

(Bloomberg) -- Investors should sell European
equities as rising inflation starts to affect global economic
growth, according to Morgan Stanley strategists.

``We take no comfort from the fact that stock markets have
been resilient in the face deteriorating fundamentals,'' London-
based strategists including Teun Draaisma wrote in a note to
clients today. ``When the market does not react to bad news it
is a selling opportunity.''


Read more at Bloomberg Stocks News

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