U.S. Markets Not Vulnerable to Big Drop, Barclays’ Kantor Says

U.S. stocks aren’t likely to see price declines similar to those during the financial crisis of 2008, said Larry Kantor, head of research for Barclays Capital.

Markets are vulnerable when households and corporations are overconfident, valuations are stretched, and cyclical sectors are booming, and “none of those conditions hold now,” said Kantor during a presentation of the firm’s Global Outlook report released today. Barclays advises investors to maintain a “neutral risk.”