Top Wall Street strategists are warning that the risk-reward ratio for stocks is at its worst since the 2008 crisis. Here are 10 places they say to put your money instead

• Stocks are historically expensive relative to risk-free bonds, strategists are warning.
• Morgan Stanley, UBS, Societe Generale, and others are warning of weak returns for the S&P 500.
• Many see a decline in earnings ahead as the Fed intends to keep rates elevated. 

One way to judge how overvalued or undervalued stocks are is to compare their projected future returns to yields offered by risk-free bonds.