- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Why Stronger Chinese Yuan Would Benefit US Investors
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- AIG CEO: I Remain 'Totally Committed' to Firm
- CNN Anchor Lou Dobbs Says He is Leaving Network
- A Day on the USS Harry S. Truman
- How the Droid and Google Threaten the GPS Makers
- Commercial Real Estate Near Disaster: Fund Manager
- This Town Will Pay YOU $10,000 to Buy a House
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- USC Football Blog Leads All-Access Space
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- Addicted to Easy Money?
- Credit Is Thawing, But Businesses Still Hesitant to Borrow
- Why Stronger Chinese Yuan Would Benefit US Investors
- Oil Tomorrow
- HPQ to Acquire 3Com
Text Size 
Morgan Stanley's European research team issued a call to invest in stocks in its latest strategy piece, as quantitative models measuring valuation, risk, fundamentals and capitulation are now all flashing "buy" signals, Ronan Carr from Morgan Stanley told CNBC.
RELATED LINKS
"This signal reinforces our view that this is not the time to be short," Carr said.
There are risks in the short term, but "the downside beyond the lows of a week or two ago is fairly limited," he said, adding that the quantitative models, work 80 to 90 percent of the time.
The last time all four models flashed "buy" signals was in September 2002. They all flashed "sell" in June 2007, close to the peak of the European market.
"This does give us confidence that from a strategic point of view we're at least close to a major turning point," Carr said.
Investors should still step into the defensive areas, of which he prefers telecommunications because it looks quite cheap and the balance sheet concerns were exaggerated, or, outside the defensive zone, he recommends the oil sector.
Print
Email
- Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
Data is a real-time snapshot *Data is delayed at least 15 minutes