JPMorgan's market guru says stocks can hit new records this summer as hedge funds and quants put $400 billion to work

· *Stocks' price-earnings ratios remain at historic highs, but their value compared to bonds suggests a market booster could be on the horizon, Marko Kolanovic, head of macro quantitative and derivatives research at JPMorgan, said Wednesday.*
· *Central banks' relief programs prompted an exodus from equities and flooded the...