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
Apr 11, 2008
Tony Dwyer: Stock market experiencing "historic risk aversion" (2008)
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