Morgan Stanley bear Adam Parker pours cold water on the S&P 500's recent breach of 1,400:...

|By:, SA News Editor

Morgan Stanley bear Adam Parker pours cold water on the S&P 500's recent breach of 1,400: "Corporate fundamentals are currently strong, but large economic dislocations remain... softening U.S. economic data, deterioration in Europe, ineffective policy in China... Don't pay a higher multiple for today's corporate earnings!" Parker also has warned about the impact of rising gas prices.