"Perhaps it's needless to observe that current valuations on all of these measures match those of 1929 and 2000. I'll observe it anyway," he said. "Current valuations are essentiallythose that would be consistent with historically run-of-the-mill stock market returns of about 10% annually."
To help demonstrate the level of optimism present, Hussman leans on the CBOE put/call ratio, a metric that compares the amount of bullish option bets to bearish option bets."There are few times in history that investors were quite so optimistic in the option market," he said. "To be clear: our most reliable market valuation measures presently match the 1929 and 2000 extremes, and our gauge of internal uniformity is also unfavorable.
"If there is mean-reversion in valuations, as there has been during every market cycle in history, including those since 2000, the outcome will be catastrophic for investors over the completion of this cycle, because it implies a nearly two-thirds loss in the S&P 500 simply to reach pedestrian historical norms," he said.
If it comes off 30% on Monday new money will sweep in. But long FNV gold is free money.
On Friday I went out of everything except gold sure we may get a nice little pop in the market but it's low volume price action and too expensive. My other traders are doing the same
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market outlook, trading strategy for elections and COVID-19 - Business InsiderJPMORGAN: US stocks are staring down a double whammy of spiking COVID-19 cases and an uncertain election — but traders shouldn't stay away entirely. Here are 3 strategies for those looking to stay invested. That's something I don't like about trading goes up and down pretty quickly
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to invest amid Q2 earnings, stock-market risks: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Introducing Advertising Insider, Business Insider's new daily newsletter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Qumulo raised $125 million, doubling its valuation to $1.2 billion - Business InsiderData storage startup Qumulo just raised $125 million and doubled its valuation to $1.2 billion, and the CEO says it shows how investors are betting big on digital transformation amid the pandemic
Source: BusinessInsider - 🏆 729. / 51 Read more »
Security experts comment on high-profile Bitcoin Twitter hack - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Didn’t they tell us to pay more attention to the security of the facilities of the system rather than the system itself in Hollywood movies? The ventilation, AC, the possibilities of an attack by accessing LiFi (wifi via LED light) or even the backup power supply of the server!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to get started in real estate investing: Expert strategies, advice - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check your hyperlink...it leads no where 404
Source: BusinessInsider - 🏆 729. / 51 Read more »