June 8, 4:54 am
Got stocks? Morgan Stanley says ’sell’. Now.
This blog is about workplace excellence, so I’m not in the habit of providing financial advice. But I’ve followed the stock market enough to know that — get this — indicators indicate things. :-) (gotta love the obvious)
What’s the tie to the workplace? It’s hard to focus on being productive if your stock portfolio is taking a nosedive.
This advice is not my own. I’m only passing along something I’ve read: Sell. Now.
According to MoneyNews.com, Morgan Stanley has issued a full blown sell order based on three of its key indicators.
Morgan Stanley issued a “full house sell signal,” saying three of its leading indicators - bond yields, Institute for Supply Management new orders, and valuation and risk - showed it was time to sell. Among the other times Morgan Stanley has issued this warning? September 1987 - just one month before the Black Monday market crash.
Take it for what it’s worth.
Filed in Business, Corporate Culture

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