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Wall Street heavyweights are sounding alarm about stock prices

Bloomberg
Bloomberg5/15/2020 06:30 AM GMT+08  • 4 min read
Wall Street heavyweights are sounding alarm about stock prices
Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound, saying the risk-reward of holding shares is the worst they have encountered in years.
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(May 15): The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued.

Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound, saying the risk-reward of holding shares is the worst they have encountered in years.

Druckenmiller on May 12 called a V-shaped recovery — the idea the economy will quickly snap back as the coronavirus pandemic eases — a “fantasy.” Tepper said on May 13 that next to 1999, equities are overvalued the most he has ever seen.

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