Global stocks could soar 47% from current levels as recent sell-off rejuvenates the bull market, JPMorgan says

· *Thursday's steep sell-off that sent the Dow Jones industrial average down nearly 2,000 points was most likely caused by no new policy actions announced by the Fed, JPMorgan said in a note on Friday.*
· *But the sell-off "likely removed some of the froth in the equity positioning space" and will help "rejuvenate the equity...