Morgan Stanley: Longest US Expansion Ever Could Mean S&P 3,000
September 02, 2014 at 15:44 PM EDT
Morgan Stanley’s Adam Parker and team note that the U.S. economy could continue to grow for five more years, while the S&P 500 might make its way to 3,000. They explain why: REUTERS Business cycles don’t die of old age, they die of overheating. Debt dynamics, particularly in the US, paint the picture of a [...]