Are Equities Overvalued?
Since the global economic crisis, sharp divergences in economic performance have contributed to significant stock-market volatility. Now, stocks are reaching relatively high levels by conventional measures – and it is difficult to discern precisely why.
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MILAN – Since the global economic crisis, sharp divergences in economic performance have contributed to considerable stock-market volatility. Now, equity prices are reaching relatively high levels by conventional measures – and investors are starting to get nervous.