REUTERS/Dario Cantatore/NYSE Euronext The stock market may be expensive based on traditional measures, but that doesn’t mean investors should avoid stocks. Bank of America said comparing present valuations to the past is comparing apples to oranges. “The S&P 500 is half as levered, is higher quality and has lower earnings volatility than prior decades,” BofA […]
Tag: egregiously
Tesla bear calls stock ‘egregiously overvalued’ and says it could plunge as much as 65%
Elon Musk’s Tesla is grossly overvalued, one analyst is warning.REUTERS/Aly Song Tesla could end up plunging as much as 65%, one long-running bear says. Roth MKM analyst Craig Irwin reiterated his $85 price target in a recent interview. The EV maker has soared amid the AI hype, but is “egregiously overvalued,” Irwin said. Elon Musk’s […]