MS: The S&P 500 Is Still Cheap And Heading To 3,000

S&_ 500 could be headed for a surge as earnings per share grow and the earnings multiple stays low, says Morgan Stanley

“Although optimism is a late cycle phenomenon, history tells us the best returns often come at the end. It has taken eight long years to get here, but Wall and Main Street are finally starting to feel a bit better about the future.” – Morgan Stanley

As the rest of the world worries about deteriorating the US--China and US--Russia relations equity analysts at Morgan Stanley have been busy cooking up a highly optimistic forecast for US equity markets. Specifically, the bank’s equity strategists headed by Michael Wilson published a report at the beginning of this week speculating that the...