John Apruzzese Quoted on U.S. Stocks in the Wall Street Journal

August 24, 2010

Continued investor concerns about economic weakness and housing data has forced stocks lower despite strong second-quarter earnings and a recent uptick in merger and acquisition activity, said Evercore Wealth Management partner and equity portfolio manager John Apruzzese in an interview with the Wall Street Journal.

"Investors are running away from risk," Apruzzese. "It's clearly concern about economic growth in the U.S. as well as globally." He added: "Investors are hypersensitive to macro economic data because they got burned two years ago and they're afraid of it happening again,"