One Man’s Opinion: Is The Fixed-Income Market Still Overvalued?

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Stocks are still the right long-term buy because of valuation, says Russ Koestrich, chief investment strategist at Blackrock Inc.  Blackrock preferred stocks over bonds at the beginning of the year and continues to do so. It had predicted more volatility this summer, partly because of a slowing economy, and partly because investors adjusting to the notion that monetary policy won’t …