Tim Evnin Comments on U.S. Stocks in Bloomberg interview

April 16, 2010

Tim Evnin, partner and portfolio manager at Evercore Wealth Management, told Bloomberg News that the drop in U.S. share prices following news of fraud charges against Goldman Sachs by the Securities and Exchange Commission is unlikely to derail continued market gains.

"We don't see today's pullback as the beginning of a different trend" in direction, said Evnin said. "We continue to think that there are opportunities out there, even with the market coming as far as it has."

He added: "And hopefully, we can get some employment moving, which would really help this recovery."