NEW YORK ( TheStreet) -- The stock market is not cheap as 68.6% of all stocks are overvalued according to www.ValuEngine.com. In addition, 30.5% of all stocks are overvalued by 20% or more. We still show that 15 of 16 sectors are overvalued, 12 by double-digit percentages.The major reason for maintaining the valuation warning is the rise in the yield of the 30-Year U.S. Treasury bond which increased by 30 basis points last week to 3.60%, a level not seen since September 2011.
Toyota, Volvo Headline Downgrades to Sell
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.