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‘Stocks Don’t Lie’: Wilson Sees Troubling Divergence
Morgan Stanley's Mike Wilson sees troubled waters.
In itself, that isn't unusual. Contrary to popul
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Wilson puts words to a discomfort I felt for a long time. Late last year I decided it was finally time to rotate into innovative, reasonably established and profitable small-cap technology companies with good growth horizons. Needless to say, in recent days the purchases I made are taking a seriously cold bath. And at the same time, I find myself rolling the dice against Putin, which was not the table I intended to play when I made these purchases. I hope that inflation will abate next year, and the negative economic effects of sanctions will eventually push Russia to demur from hostilities. But despite all the uncertainty in today’s market, I still believe I’ve made useful investments in good companies with good prospects. Damn the torpedoes!