FYI: Barclays on the case for being ‘uncomfortably bullish’ on equities.
hink the stock market is overpriced or maybe even in a bubble? Think again, say analysts at Barclays.
In the note, entitled “Uncomfortably Bullish,” they argued that global equity valuations remain in line with longer term averages and below the previous cycle peak, while the outlook for global earnings per share remain the best in nearly five years. Compared with other pricey assets, equities remain the “cleanest dirty shirt” available to investors, they argue in one chart (see below).
Regards,
Ted
http://www.marketwatch.com/story/stock-market-still-the-cleanest-dirty-shirt-2017-09-26/print
