JPMorgan Says Take Advantage Of Any Rally To Sell

With the stock markets around the world starting out on its worst footing in history, two JPMorgan reports point to a bearish view of the world on a long term basis, while short term markets could see a bounce. In such an environment now is not the time to jump into the commodity markets as earnings expectations have been lowered. Report sees short term rally, but JPMorgan advises to “sell rallies” After recommending that investor lightening their equity exposure on November 30, the potential risk relative to reward in the stock market “has worsened materially,” a Global Equity Research report…