Sam Zell: Stock Market Is Overvalued


Billionaire real-estate tycoon Sam Zell says investors are way too optimistic and that’s pushed the stock market to overvalued levels.

The chairman of Equity Group Investments told CNBC he’s not suggesting that things are terrible, but is worried that “we’re missing an awful lot of bounce. The stock market would have suggested that everything is kumbaya. I think there is a real discrepancy between the two.”

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