Morgan Stanley Sees Little Upside In 2016, Sticks With Herd

The Big Ten Conference has 14 teams, a Morgan Stanley research report observed, and the Big 12 has 10 teams. We live in an era when defying logic is par for the course, much like the basketball team in Los Angeles, the Lakers, being named after a region that boasts “10,000 lakes.” A market environment that defies logic is a difficult one to predict, yet when looking towards 2016 Morgan Stanley fits comfortably near the consensus opinion. Its the bear case to which investors need to be concerned. Morgan Stanley looks for “modest multiple expansion” as stock market limps to…