Markets fall, at “extraordinarily high valuations”

Markets fell on Monday.

The S&P 500 fell 0.7 percent, the STOXX Europe 600 fell 0.7 percent and the Shanghai Composite fell 1.1 percent.

Markets fell as investors became increasingly concerned that stocks are entering the manic, exuberant bull market stage.

“At extraordinarily high valuations is where we are, and its being supported by massive amounts of stimulus,” Jeffrey Gundlach, founder and CEO of DoubleLine Capital, told CNBC on Monday.