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FT Alphaville reports that Morgan Stanley's three key indicators are flashing SELL.

Since 1980, this has happened only five other times. Six months later, the stock market hasn't don't very well:

Apr 1981 -10.8%
Sep 1987 -25.2%
Feb 1990 -6.8%
May 1992 -7.0%
Apr 2002 -26.2%

Posted by edelfenbein at June 6, 2007 9:01 AM