by Barbara Kollmeyer, Market Watch:
Not to be left out of the crowd thinking the sky will fall on this market rally, the International Monetary Fund slipped out a note late Wednesday, sounding its own alarm over perceived stretchy stock valuations.
The comments were made in a note released ahead of a G-20 meeting in Australia later this month. Along with its stock warning, the IMF cautioned that downside risks for the global economy are on the rise, even as the fund expects the recovery to regain a foothold following a bumpy first half to the year.
The global body spoke of fresh worries in the form of geopolitical tensions, mostly of the Russian and Middle Eastern varieties, a sharp reversal of recent risk spread and declining volatility.
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