overpriced market

The advance in stocks faltered, however, with the prevailing concerns about a strong economy and an overpriced market.

An overpriced market, like an overpriced currency, can persist, however, as it did throughout the last year.

What all professionals agree is that Japan, the most overpriced market in the world, consistently understands panic better than anyone else."

Thus, sometimes, people will dismiss concerns about overpriced markets by citing a new economy where the old stock valuation rules may no longer apply.

And the pundits, with remarkably precise hindsight, are scrambling to say that, well, the rules have changed about what defines an overpriced market.

One exception in this overpriced market is Sotheby's, the art auction house, Mr. Cooperman said.

It turned out they were merely lying low and waiting for an overpriced market to come to them, and when it did, they acted boldly and swiftly.

Mr. Talbot says that in addition to not expecting to make a killing in the sluggish and overpriced market here, he expects not to take home fully accurate impressions.

They may be right right now, because whatever they sell this home for, whatever amount they get for it, will probably not be enough to move into another neighborhood because of the overpriced market.

The emergence of John Maine, who has thrown 17 consecutive scoreless innings, has altered the Mets' thinking to the point where General Manager Omar Minaya does not necessarily feel an urgency to jump into an overpriced market for starting pitching.

Burton Berry, its editor, noted last month that while the Standard & Poor's 500-stock index yield had slipped below 3 percent, a record and always a sign of an overpriced market, today's high valuations "can be rationalized with optimism on future earnings growth and dividend increases," low interest rates and more.