One Word For Stock Valuations As We Enter 2018: Breathtaking
Stock bulls insist valuations aren’t definitive for durable investment returns. History does not agree.This chart of stock valuations cycles back to 1900, showing present levels in the rare and fleeting company (red zone) of just October 1929 and March 2000,says it all.
(Click on image to enlarge)
Disclosure: None.