Markets

David Darst on recession-proof investing

May 5, 2008: Section 2 - David Darst, Morgan Stanley strategist, speaks to Aline van Duyn, US Markets Editor, about Morgan Stanley targeting companies that have market share outside the US and that have steady and large sources of profitability that provide protection in the event of a downturn. Many traditional recession proof sectors have performed badly this time around, from healthcare to a number of consumer cyclicals.