Financial Times – 02-26-13

February 28, 2013  |   Uncategorized   |     |   0 Comment

“The equity market looks a little bit expensive, with some blue-chips trading at frothy levels, especially as earnings expectations continue coming down for this year,” says Michael Kastner, principal at Halyard Asset Management. “I am sceptical about some of the bullish analysts’ earnings forecasts, and there is a big question over the profits outlook for this year given the current economic situation.”

Wall St turbulence sparks valuation fears