Morgan Stanley's Wilson Sees 'Eye-Popping' Fall for Some Retail Darlings

Mike Wilson, chief investment officer and chief U.S. equity strategist at Morgan Stanley, sees similarities between the recent retail-investor phenomenon and the dot-com era of the late 1990s. "I absolutely think there is some extraordinary valuations out that are unsustainable," Wilson said on Bloomberg Television. "There are going to be some eye popping declines in some of these stock prices over the course of the next 12 to 24 months because they're not justifiable."