The TSC Streetside Chat: Andrew Smithers, Founder of Smithers & Co.

You might think -- you might hope -- that as soon as the Fed finishes with that nasty rate-hike business the bull market will roar ahead. There's a whole school of analysts who believe that. Andrew Smithers is not among them. Smithers is a Brit who heads Smithers & Co., a London-based firm that provides advice to 80 of the world's largest fund money-management companies. To call Smithers a bear would be an understatement. He has just co-written a book, Valuing Wall Street: Protecting Wealth in Turbulent Markets (McGraw-Hill), in which he argues that the stock market is more overvalued than at any time in history.

Smithers was in New York City recently to promote the book. He came by TheStreet.com's world headquarters on Wall Street, the epicenter of the mania. He spoke with TSC Chief Markets Writer Brett D. Fromson, Senior Writer Peter Eavis, reporter David A. Gaffen and Senior Writer John Hardy.

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