Forbes: Todd Morgan Quoted in “Global Stocks Still An Overweight Despite Election Year Volatility, Covid Chaos
September 28, 2020
“Global Stocks Still An Overweight Despite Election Year Volatility, Covid Chaos” by Kenneth Rapoza, Forbes.
“The market has been a rocket ship, and it’s projecting what’s going to happen in six to eight months, when there’s a vaccine and people have started to go back to work, not what’s going to happen during the election,” says Todd Morgan, chairman at Bel Air Investment Advisors. “The Fed has done a spectacular job at saving this economy.”
“Common stocks are the most attractive,” says Morgan. “Millennials, who have been absent until now, have now started investing in the market. You also have people who have been sitting home bored investing in the market more than ever before. It reminds me of 1999 to 2000, when we had many housewives trading in the market,” he says, adding: “These housewives were outperforming many of the professionals when stocks were a hundred times earnings.”
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