Billionaire Investor Mistakenly Believes Stock Market Is Fairly Valued

By CCN Markets: CNBC’s Thursday morning got off to a hilarious start thanks to an interview with billionaire Leon Cooperman. The hedge fund investor said the stock market is “in a zone of fair value.” Just How Overvalued Is the Stock Market? It isn’t a good idea to criticize a guy who has far more money than most people, but there’s a degree of insanity associated with a claim that the stock market is anywhere close to being valued properly. On virtually every metric, the stock market is impossibly valued. The most glaring metric is the Shiller P/E Ratio. This

The post Billionaire Investor Mistakenly Believes Stock Market Is Fairly Valued appeared first on CCN Markets

Source: https://www.ccn.com/op-ed/billionaire-investor-mistakenly-believes-stock-market-is-fairly-valued/2019/06/20/

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.