1929:
"Stock prices have reached a permanently high plateau"
- Irving Fisher (Noted Economist)
Now:
"Stocks are fairly priced relative to corporate profits. Nowhere near as overvalued as Y2K"
U.S. stocks (black) with profits (blue) and GDP (red)
Yes, that fucking dumb. No, I'm not kidding.
The only time stocks have been this overvalued, is never. No comparison.
Whatever it takes to end this shit show.
The only time stocks have been this overvalued, is never. No comparison.
Whatever it takes to end this shit show.