Today’s stock market looks like March 2009, before the longest bull run in history, says Morgan Stanley’s Mike Wilson

Posted on AllSides May 18th, 2020
From The Center

As investors navigate the coronavirus recession, the financial crisis a decade ago looms large in their collective memory, with pessimists arguing that the resulting bear market took 18 months to hit its lowest point and optimists countering that swift and decisive action from the Federal Reserve and Congress this time around has saved the stock market from that fate.

Michael Wilson, head of U.S. equity strategy at Morgan Stanley is squarely in the bull camp, arguing in a Monday note to clients that the current stock market looks uncannily like...

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https://www.marketwatch.com/story/todays-stock-market-looks-like-march-2009-before-the-longest-bull-run-in-history-says-morgan-stanleys-mike-wilson-2020-05-18

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