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Is the Stock Market Overvalued?
Last week billionaire hedge fund manager and Carolin Panthers’ owner David Tepper put a scare into the stock market. Here’s what the legendary hedge fund manager told CNBC: He also said some Big Tech stocks like Amazon, Facebook and Alphabet may be “fully valued.” Before Wednesday’s sell-off, it was “maybe the second-most overvalued stock market I’ve ever seen,” Tepper said on CNBC’s “Halftime Report.” “I would say ’99 was more overvalued.” “The market is pretty high and the Fed has put a lot of money in here,” the founder of Appaloosa Management said. “There’s been different ... (full story)
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