Franklin Templeton InvestmentsStephen Dover is the head of equities for Franklin Templeton Investment Management, which is responsible for $1.4 trillion in assets.
That's how Stephen Dover, the head of equities for Franklin Templeton Investments, describes a stock market that has rallied to all-time highs on news that at least a few effective COVID-19 vaccines are on the way while economic stimulus efforts continue and interest rates remain historically low. "At this point I would argue the there is as much risk of missing the upside as there is on the downside," he said. That's because there is a lot of cash on the proverbial sidelines, and some of it will come flooding in sooner or later.
Anything is priced for perfection when the official policy of the fed is stonks only go up