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Tuesday, August 9, 2011

Startling Sell-Off Doesn't Mean It's Time to Start Buying Stocks: UBS

Startling Sell-Off Doesn't Mean It's Time to Start Buying Stocks: UBS

“The burden of proof right now is on the economy to show that it is not moving back into recession,” he said, noting that the probability of recession has become “significantly higher” than it was three weeks ago “because of the equities sell-off.” 
As he explained, “These things feed into each other. The repricing of equities that has just taken place will clearly impact business and consumer sentiment.”

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