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S&P 500 is 75% overvalued, says fund manager
[at CNBC] - U.S. stocks are grossly overpriced, according to asset management firm GMO, which estimates fair value for the S&P 500 at 1,100 - or almost 40 percent below current levels.
http://us.rd.yahoo.com/finance/exte...hoo&doc=101208851%7cS&P+500+is+75%+overvalued
[at CNBC] - U.S. stocks are grossly overpriced, according to asset management firm GMO, which estimates fair value for the S&P 500 at 1,100 - or almost 40 percent below current levels.
http://us.rd.yahoo.com/finance/exte...hoo&doc=101208851%7cS&P+500+is+75%+overvalued
