Investors have pushed stocks into the death zone, warns Morgan Stanley’s Mike Wilson

MarketWatch/Steve Goldstein/2-20-2023

cartoon version of bomb with lit fuse“They climb in pursuit of the ultimate topping out of greed, assuming they will be able to descend without catastrophic consequences. But the oxygen eventually runs out and those who ignore the risks get hurt.” – Mike Wilson, Morgan Stanley

USAGOLD note: History tells us that market panics are merciless.Wilson warns that the current frenzy is built on a Fed pause or pivot that isn’t coming.

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