Societe Generale: "Company Valuations No Longer Reflect Risks"

Nothing that global equity markets have rebounded 7% from the year's low point on February 4, a new investment letter from Societe Generale says equity markets could be overvalued and “company valuations no longer reflect the risks.”

“Beyond low interest rates, we struggle (as ever) to understand the bullish mood”

Looking at the various market forces, the research note sounds a voice of concern.  “Beyond low interest rates, we struggle (as ever) to understand the bullish mood,” the note says, looking at the world from a statistical point of view. “Most economic data is soft at best, corporate profit expectations continue to decline and of course...