Two speakers at the Investment Management Consultants Association conference had differing viewpoints on the market's direction. Eurasia Group founder Ian Bremmer took a bearish stance on the global economy, warning that state capitalism is overtaking the free markets in several countries. By contrast, Richard Bernstein of Columbia University was optimistic, saying that overvaluation isn't possible in a climate of uncertainty. "That word uncertainty is like a billboard screaming at you that there are opportunities in equities," he said.
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