Presented with little comment, as the chart speaks for itself, but for those greatly rotating their ‘cash on the sidelines’ into stocks; JPMorgan points out that US equities are 2 standard deviations rich to their average valuation and are in fact the most expensive in the developed world…
Just don’t tell Tom Lee…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/vg0TKfF8bmw/story01.htm Tyler Durden