In charts: why stock markets are not in a bubble

A blistering start to the year for stock markets around the world has pushed many to record highs and stoked fears of a bubble of historic proportions. However, investors should not look at the stock market in a vacuum and instead must compare it with alternative places to put their money. With bond yields at near-record lows, this increases the appeal of stocks, which offer better return prospects. We look at three charts which show stocks are not in a bubble. Yields on $18trn (£13trn) of bonds are now negative, according to Pictet, the asset manager. "It's going to be …
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