|
|
Article: The 'New Normal' Includes a V-Shaped Recovery of Capital Markets, Virtus Strategist Says.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A year after the equity and credit markets were frozen in the wake of the collapse of Lehman Brothers, both markets are back to normal, says Joe Terranova, chief market strategist at Virtus Investment Partners (NASDAQ:VRTS), and panelist on CNBC's Fast Money. In his most recent market commentary, Let's See How Far We've Come, Terranova says most investors did not expect or accept that the Armageddon scenario would be removed so quickly.
"There will always be concerns, which will be priced-in accordingly, but there is nothing overwhelmingly bearish out there right now," says Terranova. Despite all of the chatter about "new normal," the prospect of continued rising ...