A flawed argument used by Warren Buffett could be setting stocks up for 'one of the worst disasters in history'

REUTERS/Brendan McDermid Billionaire investor Warren Buffett made a lot of people feel better about historically stretched stock prices earlier this month. Speaking in an interview with CNBC on October 3, the chairman and CEO of Berkshire Hathaway said,"Valuations make sense with interest rates where they are." The investment community breathed a sigh of relief. After all, Buffett is arguably the most successful stock investor in world history. An all-clear from him surely gives a green light fo...