Viewpoint: Is the stock market overvalued?
MILAN, Italy (Project Syndicate)– Considering that the international recession, sharp divergences in financial efficiency have actually contributed to substantial stock-market volatility. Now, equity prices are reaching reasonably high levels by standard measures …
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Futures lower, world stock exchange down
Stocks fell for a third straight day Wednesday as the Dow plunged 293 points and turned negative for the year. The big drop came after a frustrating production report and news of a mega-merger in between H.J. Heinz and Kraft Foods. Contributing …
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