BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

Blodget: U.S. Stocks Overvalued By 30%, Headed For Bubble Territory

As the latest update of Professor Robert Shiller's cyclically adjusted PE ratio shows, US stocks are now more than 30% overvalued, at 21X earnings. That's more reasonable than the 100%+ overvaluation in 2000, but it's closing in on the level of the three other bubble peaks of the 20th Century: 1901, 1929, and 1966.

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