When investors are greedy and require too much real return on equity (more than ten percent), this signals markets are overvalued.

当投资者贪婪时并要求证券市场给于更高的实际回报率(大于10%)，这预示着市场高估了。

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If you plug that in, the equity markets look overvalued today.

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Many equity markets currently look overvalued.

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Because of stock market strength and a higher 30-Year bond yield, equity valuations are less undervalued and more overvalued.

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