Economics
IMF Joining Fed in Stock Price Bubble-Spotting Contest
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Everyone has an opinion on the stock market nowadays.
Three months after the Federal Reserve said prices were stretched in some stocks, the International Monetary Fund weighed in with its own warning, saying the risk of equity losses in 2014 has risen and stock valuations may be “frothy.” Pushed also by global economic concerns, the Standard & Poor’s 500 Index opened lower and was down 1.5 percent at 1,935.10 at 4 p.m. in New York.