Stocks are overpriced but it doesn't matter: Empire Executions' Peter Costa
Peter Costa
Stocks are overpriced  but that may not be a problem   Peter Costa   president of Empire Executions  told CNBC on Tuesday.
"There's a confluence of really good things. There's good earnings  [and] low interest rates  even with the rate hike next week or next month or whenever it is. You've got a really good environment for stocks  " Costa  said on CNBC's "Closing Bell."
This environment also means that stocks are "absolutely" overpriced   Costa  said.
Still   Costa  said  "I don't know if overpriced is an issue anymore."
Stocks are overpriced  but that may not be a problem    [TGT]    president of Empire Executions  told CNBC on Tuesday.
"There's a confluence of really good things. There's good earnings  [and] low interest rates  even with the rate hike next week or next month or whenever it is. You've got a really good environment for stocks  " Costa  said on CNBC's "Closing Bell."
This environment also means that stocks are "absolutely" overpriced   Costa  said.
Still   Costa  said  "I don't know if overpriced is an issue anymore."