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U.S. equities 'are very expensive right now'

Erik Ristuben, Russell Investments Chief Investment Strategist, says U.S. equities are “very expensive.” But Brian Levitt, a Senior Investment Strategist at OppenheimerFunds, says investors shouldn’t pay too much attention to valuation indicators because factors like "stabilization in China should be very supportive to stock markets globally." Yahoo Finance’s Alexis Christoforous speaks to Scott Gamm, Ristuben and Levitt.