Overvaluation Quotes
While there is less overvaluation in these markets, relatively low employment in states like Virginia, West Virginia and Kentucky are putting more homeowners in financial distress, These states are heavily dependent on the manufacturing sector of the economy, and that sector continues to lag behind others, like health care and professional services.
- Alexis McGee
Investors should be cautious of the fact that we're in the middle of an overvaluation correction and that we have further to go on interest rates and the Fed sees inflation as a problem and they plan on handling it. And some people are now saying they may take stronger action at the next meeting. So I think in that case it's a good yet idea to sit back and let the overvaluations get taken care of and let the Fed go through a couple of rate increasing before you get back into the market.
- Tom Gallagher
[Despite recent volatility and concerns about overvaluation, market players continued to insist that Wall Street is strong.] It's normal as the market rallies so strongly that we start seeing a correction and start looking for maybe even a 7 to 10 percent correction ultimately... But I don't think we're vulnerable to that right now.
- Robert Robbins
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