Stocks More Overvalued Now Than 2000 and 2007 No Matter How You Look at Things
MishTalk
DECEMBER 11, 2015
The idea is from Ned Davis, but written up by Mark Hulbert in Opinion: Stocks are more overvalued now than at 2000 and 2007 peaks. By focusing on the median, Davis’s findings are immune from the charge that they are being skewed by outliers — such as the terrible earnings among energy companies. Things can stay overvalued for years.
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