Meaning this is not the time to try to predict the lowest point of the stock to "buy low, sell high"? It is more reliable to buy an undervalued stock for the long run then.
Morgan Stanley: This Cycle Will Be "Hotter But Shorter" Than Usual
This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.