As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 18 January 2013

Investors Are Waiting for 'Good Ideas:' Morgan Stanley CEO


 
                      
Individual investors left their money with Morgan Stanley waiting for good ideas, Chairman and CEO James Gorman said "First on CNBC" Friday, adding the stock market rally could have legs if the political uncertainty is resolved.

"We have $1.8 trillion of assets," Gorman said in a "Squawk Box" interview, right after Morgan reported better-than-expected earnings. "On any day, 5 percent of that is looking to go to work. Ninety billion dollars is sitting there waiting to get into the market. If we see some confidence coming through from the political sector ... this thing has legs."

"The individual investors haven't pulled money out of firms like ourselves," Gorman said. "So it's not a total despair of the markets. It's a confusion and uncertainty. The money is still there. They're waiting for good ideas."

 

No comments:

Post a comment

Related Posts with Thumbnails