European equities got a boost this morning following bullish comments made by Morgan Stanley's European strategist Teun Draaisma. Draaisma commented that European stocks are now flashing a "full house" buy signal after these markets have priced in an earnings recession, and retail investors, purchasing managers, and sell-side analysts have all capitulated.
While we don't normally highlight specific calls by strategists, we think Draaisma's prior calls are worth pointing out. Judging by the buy and sell signals that we were able to document since 1996, his calls have been pretty timely.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.
Shouldn't the title read "'Full House' Buy Signal For **European** Equities"
Posted by: tradeking13 | November 04, 2008 at 02:50 PM
Shouldn't link to Bloomberg has just one http:// ?
Posted by: Andrew | November 04, 2008 at 03:03 PM
A couple of minutes Googling shows that he's recently done better than that. In February for example he predicted an imminent bear market rally, and then said it was over in May. Right on in both cases.
Posted by: Neville | November 07, 2008 at 04:57 PM
The economy in Europe is actually rising up. One big advantage that they have is that work as a solidified group and single economy. I think that is the future of the economy in the world.
Posted by: Generic Viagra | August 03, 2010 at 01:27 PM