Triumphant Republicans have picked up seats in the House and seized control of the Senate for the first time in a decade. So what’s the takeaway for investors?
Morgan Stanley shares are still trending lower and there's no sense in fighting the tape, says Mike Arold, manager of the Technical Swing investment model.
2011 was a particularly tough year for the financial services sector, but there remains significant value in individual names and in the regional banks.
Why did we sell Morgan Stanley? Because public disclosures about banks’ sovereign debt exposures are useless in order to ascertain the level of risk with a reasonable degree of confidence.