Lee Says US Investors Are Still `Very Cautious'
May 31 (Bloomberg) -- Thomas Lee, JPMorgan Chase & Co.'s chief US equity strategist, talks about the outlook for the US housing market and investor sentiment. Home prices in 20 US cities dropped in March to the lowest level since 2003, according to the S&P/Case-Shiller index of property values. Lee, speaking with Betty Liu, Dominic Chu and Jon Erlichman on Bloomberg Television's "In the Loop," also discusses the impact of the European sovereign debt crisis on equity markets. (Source: Bloomberg)