xysoom: Investors Should Mind the Risks of Overpriced US Stocks

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May 15th, from WikiFX. U.S. hedge fund tycoon David Tepper recently said that the current US stock market is one of the most overvalued markets he has seen, other than that in 1999.To get more news about WikiFX, you can visit wikifx news official website.
　　He believes that certain large technology stocks such as Amazon and Facebook may have been “fully valued”, saying that “the market is pretty high, and the Fed has put a lot of money in here”.
　　In addition, there has been various capital misallocations in the markets, and the estimated S&P 500 forward price-earnings ratio for the next 12 months has surged to over 20, the highest level since 2002. Tepper said his stance is “relatively conservative” and he remains “very cautious”. He currently holds about 10% to 15% of long positions in equities.
　　Relevant US statistics show that, the position allocation of retail investors shows that they are actually vigilant about the unusual rise in the stock market. Since the 1920s, the stock market has never been able to rise against the sluggish fundamentals during the recession, but investors began to believe in bottom-fishing strategies after the subprime mortgage crisis, and the stock market full of “bottom buyers” has seen faster but very unstable rally.