Harvard MBA Running Nigeria Fund Says Stocks Too Costly – Bloomberg 09-09-13

Salient to Investors:

Uche Orji at Nigerian Sovereign Investment Authority said:

  • Many asset classes are richly valued, including developed market equities.
  • The DJIA has gained each year since 2009 and Europe is recovering, so equity values may rise further amid Fed tapering.
  • Nobody knows what tapering is and nobody has seen this level of QE in history so we do not know how the market will react.

Read the full article at  http://www.bloomberg.com/news/2013-09-09/harvard-mba-running-nigeria-wealth-fund-fears-stocks-after-rally.html

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