Stimulus-pumped stocks at risk as warning signals flash red

Banks including Bank of America (BofA), Morgan Stanley, Citi and Credit Suisse this week told clients to trim exposure to stocks. Some are predicting a sharp fall in prices.(File pic)

SKY-HIGH valuations and signs that the flood of cheap cash washing around financial markets may be subsiding suggest the record-breaking run in shares is about to hit the buffers.

Banks including Bank of America (BofA), Morgan Stanley, Citi and Credit Suisse this week told clients to trim exposure to stocks. Some are predicting a sharp fall in prices.