Goldman, Morgan Stanley CEOs warn of equity markets heading towards correction

(Reuters) -Chief executives of Morgan Stanley and Goldman Sachs cautioned on Tuesday that the global equity markets could be heading towards a correction, underscoring a growing concern that investor optimism has driven valuations to sky-high levels. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom. "We should welcome the possibility that there would be drawdowns, 10% to 15%, that are not driven b ...