dead cat bounce or not ?

April 8 (Bloomberg) -- The rally in global stocks over the past month is a “dead cat bounce,” as companies report “terrible” earnings this year and the global recession persists, Aberdeen Asset Management Plc said.

Investors should instead focus on companies with strong balance sheets and sustainable business models that can weather the “severe recession,” Hugh Young, who oversees about $37 billion as managing director of Aberdeen Asset’s Asian unit, said in a Bloomberg Television interview. He favors regional financial companies and holds stakes in Singapore’s Oversea- Chinese Banking Corp. and United Overseas Bank Ltd.