Warren Buffett: stock markets will be overpriced if rates rise

“If we get back to normal interest rates, stocks at these prices will look high,” said the billionaire investor, speaking at the annual shareholders’ meeting of his conglomerate Berkshire Hathaway.
http://www.theguardian.com/business/2015/may/03/warren-buffett-stock-markets-will-be-over-priced-if-rates-rise