31.   The bigger stock drop was based on the bad news about Perfect Hair, and it occurred months after the article asserted that the stock was overvalued.

32.   The Federal Reserve Board had been raising interest rates and there had been numerous warnings that stocks were overvalued, but neither factor was new.

33.   The point, he said, is not whether stocks are overvalued.

34.   The unfortunate investors who have bet that technology stocks are overvalued seem to be retreating.

35.   These analysts have argued that market conditions are different now, and thus that measures showing stocks to be overvalued should be viewed skeptically.

36.   They say stocks are more overvalued than ever, and that trading is dangerously concentrated in a narrow list of big stocks, including those in the technology sector.

37.   Today, after a long bull market, stocks are overvalued by historic averages.

38.   U.S. stocks are expected to rise, with better-than expected earnings from companies like Digital Equipment Corp. offsetting concern that stocks are overvalued after rallying to records.

39.   Using some very basic tools of financial analysis, they concluded that Internet stocks were wildly overvalued.

40.   U.S. stocks were mixed in a seesaw session, as gains in bonds were offset by concern that stocks are overvalued.