Morgan Stanley's Wilson Sees 20% Downside on Some Stocks

The video discusses the need for flexibility in market scenarios, comparing different market rallies, and the importance of strategic investment decisions. It highlights the speculative nature of certain stocks and the potential downsides in the market, particularly for big tech and meme stocks. The video emphasizes the challenges of stock picking in a volatile market environment.

What does the speaker suggest about the potential downside for certain stocks?

In what context does the speaker mention the term 'stock pickers market'?