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And they may have been overvalued to begin with.
This helps explain why the Dow reflecting the fortunes of more traditional old-economy firms—has, overall, performed better than the Nasdaq in recent months.Second, there is a recognition that, at least in some cases, stocks have been overvalued.
Those who have lucked out and gained a foothold on the housing ladder are keen to protect and pass on their wealth even as they struggle to afford mortgage repayments and worry their investments have been overvalued.
And if you think that non-recourse loans will inevitably distort prices by making investors willing to pay too much for assets, then you're saying that loan and house prices in the U.S. have been overvalued since before the New Deal.
When the system has failed, it often seemed to involve an executive liquidating shares that turn out, after the fact, to have been overvalued at the time of sale.
More disturbing is the observation that the anti-proliferative effects of COX-2 inhibitors on cancer cells have also been demonstrated in COX-2-deficient cells [ 18- 21], suggesting that the role of COX-2 and its product PGE2 in cancer might have been overvalued based on the effects of pharmacological COX-2 inhibitors.
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Mr. Lamont conceded that such data did not prove the companies had been overvalued.
But perhaps "distinction" has been overvalued in recruiting music directors to American orchestras.
Like others, Ani feels that renting has been "stigmatised" in the same way that buying had been "overvalued".
But internal district documents revealed that the land had been overvalued by the two firms that performed the independent appraisals.
He said the dollar had been overvalued for some time and its latest level was more appropriate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com