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Rarely, however, have I seen all these evidences of overvaluation occurring simultaneously.
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Screening stocks for signs of overvaluation, he creates a monthly list that he calls "America's 30 Most Overvalued Stocks".
French officials blame tight supply but the government has acknowledged the possibility of "overvaluation".
It left the market at a level of overvaluation that may not have been corrected yet.
Its own directors have warned investors to be wary of "ignorant hype .The signs of overvaluation are everywhere.
"I frankly don't believe that I've lost any serious money because of overvaluation," he said in 1996.
For countries like Spain, Greece, Italy and Ireland, where wages raced ahead in the good years, the effective level of overvaluation is even higher.
But analysts warned of overvaluation in the market and pointed to a potential cloud on the horizon the country's rising current-account deficit.
Some economists reject our measures of overvaluation, arguing that lower interest rates justify higher prices because buyers can take out bigger mortgages.
The fall is treated as proof of overvaluation due to the initial, wrong statement.Increasingly, a similar logic has been used in criminal cases, as Mr Olis discovered.
In a letter to investors, the firm described today's markets as a toxic mixture of overvaluation, unrealistic expectations and sentiment-driven volatility.
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CEO of Professional Science Editing for Scientists @ prosciediting.com