The doom-and-gloom crew has been drawing lines between the dot-com bubble and the current market climate for a while now. With stocks banging out record highs on a regular basis, those forecasting a collapse can’t catch a break.In that spirit, noted bear Albert Edwards, global strategist at Société Générale, earns our chart of the day with this graph showing how earnings have diverged from the S&P 500 SPX, +0.62% to a degree not seen since, yes, 2000.
Bitcoin BTCUSD, -2.65% exploded over the weekend, breaking through the 10,000 level before pulling back, trading at just over $9,400 on Monday morning. There’s a state of emergency in California after officials on Sunday ordered nearly 200,000 people to evacuate due to multiple wildfires. Power company PG&E PCG, -23.20% cut electricity to millions of residents to prevent more areas from igniting.
Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Its a scam driven by algorothisms
All of these charts point to doom but none of these charts existed in a time of free money. These charts would be more predictive if interest rates were equal as to where they were in the charts
Excellent chart - concur
Indeed.
When interest rates are as low as they are, it pushes up the P/E ratio So investors are willing to pay more
According to the article, you are saying you disagree? With the chart?
This is starting to look like the dotcom bubble.
Truth about the S&P. It's solely running on buybacks.
Stop trying to force a recession.
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: billboard - 🏆 112. / 63 Read more »