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Why Morgan Stanley is starting to see ‘fire and ice’ and a bear-market drop as ‘more likely’ for stock-market investors

·3 min read
Why Morgan Stanley is starting to see ‘fire and ice’ and a bear-market drop as ‘more likely’ for stock-market investors
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Morgan Stanley analyst Michael Wilson has been boning up on his American literature, infusing a dose of it into a rather downbeat commentary of the equity market that could result in a drop of at least 20%.