1.   But he clearly finds the market grossly overvalued.

2.   But his valuation measures signaled that the market was significantly overvalued.

3.   He said that although the market was somewhat overvalued, earnings were going to improve, interest rates were going to remain stable and inflation was not a threat.

4.   I think the market is terribly overvalued, and I know we have low inflation and high productivity and a great economy.

5.   Over the last several years, fear that the market was overvalued led many analysts to pare back their exposure to stocks.

6.   Q. Why did so many people think the US market was overvalued?

7.   Still, Mullainathan, of MIT, said the market was grossly overvalued before the attacks.

8.   This time, he said that while stock prices seem unusually high, he cannot conclude that the market is overvalued.

9.   By simply posing a question about whether the market was overvalued, he sent stock prices temporarily reeling around the world.

10.   Merrill Lynch said that the market was overvalued in the short term, but it added that in the medium term, the market would tend to rise.