Morgan Stanley CEO Gorman to Bloomberg TV: Warren Buffett is right on most things
Morgan Stanley CEO James Gorman told Bloomberg Television’s Erik Schatzker at Columbia Business School today that he doesn’t see evidence of market bubbles developing.
Gorman said, “There’s a lot of robustness…The indices have obviously rebounded tremendously, but from very low levels.” While the Fed’s program has created “a flood of money” in the debt markets, “it’s been necessary to get this country back in balance.”
Gorman commented on Twitter’s IPO, saying, “Everybody, for the market’s integrity, transparency…we are all rooting for a clean opening…I think we will get one.”
source: bloomberg television