in the third quarter. Using those figures, the Buffett indicator stands at around 168%, close to its all-time high.
"The stock market has never been as expensive as it is today, largely the product of soaring valuations amid deteriorating fundamentals," Jesse Felder, a money manager and the founder of The Felder Report,"Not only does this mean that forward returns will likely be exceptionally poor, it means that downside risk has also never been greater than it is today," he continued.
The Buffett indicator reading, combined with extreme levels of margin debt and flagging market momentum,"paint a picture of an extremely overvalued stock market, driven by a speculative euphoria even while the price trend is running out of steam," he added.Read More:
hblodget Just wait
So I’m supposed to worry because rich people are worried too? As far as I can remember they didn’t give a 💩while many Americans continue to dwell deeper into poverty while they have gotten richer in the past couple months.
Duh
thank you very much for your work