► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The US stock market looks very expensive, but John Authers shows that this says nothing about the chances of a market fall over the next 12 months. It does, however, suggests that in the longer term, stocks will not rise much over the next decade.<br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /> <br />► FT Global Economy: http://bit.ly/1J5mmqH<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes