Apr 11, 2008

Tony Dwyer: Stock market experiencing "historic risk aversion" (2008)

Tactically, the market has significant upside as some of the historic risk aversion gets reversed... Everybody's been out of the market. The opposite of love isn't hate; it's apathy. And I think investors are very apathetic as to what the potential is... To say that this has been a historic risk aversion is the understatement of the entire last century. It has been historic. And when you even reverse it a little bit, especially with nobody really invested in stocks, that could create an upside tactical trade.

~ Tony Dwyer, FTN Midwest Securities, as appeared on CNBC, April 7, 2008

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