NEW YORK (TheStreet) --The number one ranked financial advisor according to Barons is still feeling bullish on the market. Morgan Stanley Wealth Management financial adviser Andy Chase, rated the top financial adviser, manages more than $20 billion.
"The thing I think people keep missing is the fact that whether you think interest rates will go up 25 to 50 bps, the reality is rates are going to stay down, in my opinion, for a long time," Chase said on CNBC's "Halftime Report" Thursday.
The sentiment that the Federal Reserve will raise and subsequently continue to raise interest rates is off base, considering it has been telling voters it's trying to slow things down regardless of who won the presidency, he noted.
"With rates down, multiples, you could argue, should be 25 to 30 times. People keep saying we get back to normal rates and I just don't see global rates going up to normal," Chase contended.
If you get rates back to that "normal" level then it creates normal mortgages at between 5% to 7%, Chase continued. "You think we can suffer that? My point is, with rates down you could have multiples easily in the 20s."
Chase added that because he doesn't hear any talk of multiple expansion, he must be "relatively bullish on equities here," he said.