JPM's David Kelly Positive On US Markets, But Points Out Bubbles To Avoid

Dr. David Kelly, chief global strategist for JPMorgan Funds, says there are several things the investor should not worry about, things they should worry about and actions that should be taken. Speaking at the Morningstar investment conference in Chicago, Dr. Kelly said investors should not worry about the stock market in a rising interest rate environment, don’t worry about government debt exploding and don’t worry too much about Greece. While the U.S. economic expansion is in its seventh year, valuations are not high and expansions have been lasting longer. Kelly took issue with U.S. quantitative easing, however, saying it created bubbles…