Adam Parker, the most pessimistic strategist on Wall Street, said he was too bearish on U.S. equities after the Standard & Poor’s 500 Index rallied 13 percent this year.
Forecasters at securities firms are more conservative on U.S. stocks than any time in seven years, predicting the Standard & Poor’s 500 Index will rise 6.4 percent in 2012 as budget deficits around the world limit gains.
The price investors are willing to pay in relation to earnings for the Standard & Poor’s 500 Index companies will decline as economic growth decelerates, according to Morgan Stanley’s Adam Parker .
"The state of corporate earnings in the U.S. is on solid footing."
- Adam Parker on Oct 20, 2014
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