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A market correction is inevitable even without trade war fears, billionaire investor Jim Mellon told CNBC’s “Worldwide Exchange” on Tuesday. Mellon is not alone in suggesting that today’s stock market is the most overvalued on record — more so than in 1929, 2000 and 2007.
Freshly announced trade tariffs from the White House may be sending stocks into a tailspin, but a market correction is inevitable even without them,