It is our view the main risk to equity prices today is that they are over-valued relative to global growth and earnings prospects, and that is the case even before the US feels any government cuts slated for 2013. The following discussion explains the issues well. Richard Cookson, global CIO at Citi Private Bank, explains to CNBC the current bubble-like nature of U.S. equities. Here is a direct link.
Cory’s Chart Corner
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