Best buying opportunity in US for 50 years: ClearBridge

Legg Mason affiliate ClearBridge Advisors believes the case for investing in US medium and large-cap companies is the best in more than 50 years.

Scott Glasser, co-manager of the Legg Mason Clearbridge US Appreciation fund, says despite recent volatility and the muted economic environment, the underlying fundamentals in many American stocks remains robust. "Over quarter two we saw the environment shift from markets in which complacency had set in, to wide scale pessimism," Glasser says. "However, despite this overly negative backdrop we believe that medium and large companies are in the best financial shape seen in decades. "Stocks have inherent risks and volatility but sometimes the risk-reward pendulum favours them. With i...