1.   It still can be argued that Japanese shares are overvalued in terms of the return they offer.

2.   By most measures shares are already overvalued.

3.   Equity prices are high enough to raise questions about whether shares are overvalued.

4.   In his annual letter to shareholders last month, Buffett said he and Berkshire Vice Chairman Charles Munger thought Berkshire shares were overvalued.

5.   Peruvian stocks were little changed as optimism over the economy helped offset concerns about higher U.S. interest rates and overvalued shares.

6.   Stocks climbed as larger-than-expected earnings from companies such as Digital Equipment Corp. offset concerns that shares are overvalued.

7.   The market also staged a rally late last year, and some investors think many shares are overvalued compared with company earning prospects.

8.   The shares were previously overvalued, along with that of many other technology companies, he acknowledged.

9.   This newspaper has long argued that shares in general are overvalued, especially in America.

10.   Venezuelan stocks fell for a second session amid concern shares are overvalued in light of earnings prospects.