Morgan Stanley anticipates a 133%/258% stock market return in Argentina in five years

Tuesday, January 10th 2017 - 17:34 UTC

Full article 3 comments

Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients. Read full article

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Zaphod Beeblebrox
I guess they recognise that CFK dug such a deep hole that now that Macri has reversed her crazy policies, then things can only improve. The problem is the phrase “if economic reforms are implemented quickly” since the Ks will doggedly resist reform at every step by any means so I'd expect that any progress will be slowed by the various forms of inertia in Argentina. We shall see...
Jan 10th, 2017 - 06:10 pm - Link - Report abuse +1
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golfcronie
Is this the Morgan Stanley that borrowed US$ 107 billion from the Federal Reserves to keep in business?
Jan 10th, 2017 - 10:22 pm - Link - Report abuse +1
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Marti Llazo
It's hard to believe how disconnected the folks at Morgan-Stanley can be. Are they talking about the same Argentina? Didn't we hear this “it's not too late to buy Argentina” a year ago? For any sort of payoff of the type that they are hyping, a country has to be producing competitive goods and services. The Argentina we have here is in recession, plagued by unreliable and antediluvian institutions that aren't likely to be much improved for a decade or more, beset by deficit spending, constrained by an over-compensated and over-agitated workforce, still suffering from corruption, taking on billions in high-interest debt as might a drunken sailor, wallowing in decaying infrastructure and counterproductive government policies, and reminding the world of the insane level of risk involved in starting and running a profitable business here. I want to know what they're smoking at Morgan Stanley because it must be quite powerful shite.
Jan 10th, 2017 - 10:36 pm - Link - Report abuse +1
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