41. When the yield falls below its average, the stock is probably overvalued. 42. While conceding that many technology stocks had been overvalued in recent months, McNamee said that the selloff had driven down the prices of many other issues. 43. While Nasdaq has been taken a beating amid concerns that tech stocks are overvalued, the laggard Dow has begun to gain ground in recent weeks. 44. With interest rates relatively low, that made it possible for some market analysts to argue that stocks were not overvalued. 45. A warning from Microsoft president Steve Ballmer that technology stocks are overvalued robbed the market of what had been a big source of strength. 46. According to a research letter by Merrill Lynch, the brokerage believes chip stocks are overvalued. 47. Caldwell said many technology stocks are overvalued and have little room to move higher. 48. European stocks were also affected by remarks from Federal Reserve Chairman Alan Greenspan Thursday that U.S. stocks might be overvalued. 49. Greenspan was concerned that stocks were overvalued, which led to previous speculation that the Fed might raise interest rates to cool the market. 50. Stocks suffered through intense volatility during the second quarter amid concerns about interest rates and the growing belief that many high-tech stocks were extremely overvalued. |