The stock market is likely to go higher because there are still many institutional investors who missed the current rally, Tobias Levkovich, chief equity strategist at Citigroup, told CNBC Friday.
"I always say that CEOs don't know that much," he said. The recovery will probably be very slow, Levkovich added. "I'm not talking about re-stocking, I'm talking about de-stocking at a slower pace. It will moderate and probably eliminate job losses."
http://www.cnbc.com/id/32006738
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