Stock markets are trying a little recovery this morning.
But the question remains as to by how much they are over-valued, since few would really dispute that they are. The answer is, by a long way
Given that around and about half of all market transactions are people buying at the current price I’d suggest that some, around and about you understand, half of all people think the market is currently undervalued. Or at least not over so.
But then I’m not a professor of economics, so what do I know?