- Video: Piers Morgan Says Obama is Borderline Tyrannical: ‘Now I See U.S. Government Tyranny’Posted 2 days ago
- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 12 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 14 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 14 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 15 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 22 days ago
- The Art of Catching Government False Flags in Real TimePosted 23 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 28 days ago
- WIKILEAKS: THE GOVERNMENT IS SPYING ON YOU THROUGH YOUR IPHONEPosted 38 days ago
- Poll: Close to 1 in 3 Americans Believe in World Government and a New World OrderPosted 47 days ago
JPMorgan’s Tom Lee Explains Why Everyone Else Is So Darn Bearish
JPMorgan’s chief U.S. equity strategist Tom Lee has made some pretty bullish calls lately amid widespread investor gloom.
Lee pointed out that there are reduced expectations across several asset classes, not just stocks:
We have to remember that the world has lowered its total return expectations for any asset class. In our private bank, I think the benchmark is close to 6 percent total return.
The only way you’re ever going to achieve that is really having a good exposure to equity markets. Bill himself said he expects stocks to basically do over double the return of bonds.
Lee said a lot of the negative sentiment toward stocks lately is really being driven by economic forecasts that may be faulty:
I think everyone’s expectations are built around a base case of an economic forecast of slow growth. We know that historically, economic forecasts are not the most reliable.
I actually think if I’d look at the market’s expectations of sort of 1.5 percent GDP growth, I’m going to take the over. I think the driver here is U.S. housing is really driving a construction recovery that should boost overall GDP growth rates.