Did I Hear This Right?

New-Dealing strategists.

By + More

On CNBC a few minutes ago, Morgan Stanley strategist David Darst said we could get the Dow to jump 2,000 points if the government would just issue a bond for massive infrastructure projects at 5 to 6 percent yield. And Rich Bernstein of Merrill Lynch agreed with him!

So that's where we are now: Two of Wall Street's most respected strategists just said the way to get markets working again is massive public-works projects. Pretty depressing stuff...

Morgan Stanley
Merrill Lynch
Wall Street
  • Kirk Shinkle

    Kirk Shinkle is a senior editor for U.S. News Money and manages the Best Funds portal. Follow him on Twitter @KirkS or email him at kshinkle@usnews.com.

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