In the midst of major elections from Greece to the U.S., and with markets locked in a narrow trading range, now is not the time to swing for the fences but to stay balanced, according to David Darst, the chief investment strategist at Morgan Stanley Smith Barney.
In his outlook for the second half of 2012, Darst said he and his team have been telling financial advisors and clients not to emulate Alex Rodriguez, the Yankee star who tied baseball legend Lou Gehrig’s all-time record for most career grand slam home runs (23) with another blast Tuesday night in a come-from-behind 6-4 victory in Atlanta.
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