Morgan Stanley’s Second-Quarter Profit Dropped 60%

Posted by Louis Navellier on 6/18/08 12:05 pm

U.S. stocks had another rough session today after Morgan Stanley announced a substantial decline in profits.  The Wall Street powerhouse suffered from challenging credit-market conditions during the quarter.

The fact that credit problems are continuing to escalate, lately due to rising interest rates, is good news for our strategies, since it accelerates the shift out of value (massive financial bias) into growth.

My newest strategy, called Vantage, is looking for opportunities around the globe.

If you’re interested in a total return strategy, take a look at our Power Dividend portfolio.

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