Nov 5, 2013

San Francisco Fed President: Stocks are not overvalued

If you look at the valuation of stocks today compared to earnings and dividends and relative to historical averages, it’s not obvious that the stock market is overvalued, in fact a lot of models will tell you that it’s undervalued given how strong profits have been.

~ John Williams, president, Federal Reserve Bank of San Francisco, November 5, 2013

(Comments made in a press roundtable following the Asia Economic Policy Conference.)

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