Contrary to many investors' fears, the US stock market is probably not overvalued, according to Greg...
Contrary to many investors' fears, the US stock market is probably not overvalued, according to Greg Smith, chief analyst at Prudential Securities. Smith argued that strengthening economic prospects in Europe, Latin America and Asia will boost the earnings of US companies. Pessimism about the stock market's prospects is wrong, Smith said. He remarked: "There are two reasons for this assertion. First, equity investors generally fail to see how little US economic constraints matter to many public companies. Many stock market analysts and even members of the Fed persist in comparing compani...
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