Total Pageviews

Friday, December 4, 2020

Everything is historically......

....expensive!!

See the various valuation indicators below that have been universally at the highest level ever in history.



While stock prices are marching higher and higher, making new highs every day, its underlying momentum is weakening per the long term monthly chart, suggesting a sizable correction will be coming at some point of time in the foreseeable future. Given the ridiculously high valuations plus the extreme level of euphoria, I think a 10%-15% correction is likely!


No comments:

Post a Comment