Tim Evnin on outlook for U.S. Stocks; WSJ.com article

February 24, 2010

Tim Evnin, equity portfolio manager at Evercore Wealth Management, told WSJ.com reporters that stocks are rallying in part as investors react to reports that key senators are opposed to President Barack Obama's proposal to prohibit commercial banks from making certain risky bets with their own capital - a practice that has heavily contributed to Wall Street's profits the last few years.

"Whether we need that regulation, good or bad, there's probably some relief that the banks might not be put through this gruelling exercise of decoupling," said Evnin was quoted as saying in the WSJ.com article titled US Stocks Rally On Bernanke's Comments; Banks, Techs Gain.