Billionaire bond investor Jeffrey Gundlach, founder and CEO of $137 billion DoubleLine Capital, says as long as the Federal Reserve’s stimulus continues, “The stock market can stay in very overvalued territory.”
Speaking to Yahoo Finance Live on Monday, Gundlach, known as the “Bond King,” said that while U.S. stocks are overvalued they look cheap compared to bonds.
“[As] overvalued as stocks are relative to historical measures — like the price-to-earnings ratio, or Dr. Shiller’s CAPE ratio,…
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