12-year old bull market; SPAC mania; IPOs that more than double on the first trading day; an army of amateur traders and GameStop mania. It certainly feels like irrational exuberance–and it triggers alarms for those who remember the dot-com bubble of the late 1990s."The parallels we have today are historically very, very concerning," notes Jim Stack, president of Whitefish, Montana’s InvesTech Research and Stack Financial Management.
Despite a steep 30% market correction last year, the longest bull market on record has helped the S&P 500 surge nearly 300% over the past 10 years–roughly in line with the growth in the 10 years preceding the dot-com crash in 2000, after which stocks plunged 40% over two years.analyzed 11 key market metrics that flashed warning signs just before the stock market crashed in March 2000.
, he introduced a price-earnings ratio for the S&P 500 that averages inflation-adjusted earnings over the prior ten years in an effort to eliminate cyclical swings. Though not as steep as the peak PE ratio leading up to the dot-com bubble crash in March 2000, today’s Shiller PE multiples are the highest they have been in two decades."Valuations on Wall Street are in the stratosphere," says Stack.
Maybe
Probably 6 to 18 months from a crash.
Stop the stimulus aka 'keystroke money' and see what happens!
cc : sonaliranade
Hope so. I'm ready for some cheap buys.
such garbage ' PLEASE CLICK HERE MY CHILDREN NEED COKE'
Why are you wasting your time on monthly salary when you can work from home and earn up to $11,000 without any stress just with your smartphone and PC Ask me How if interested Rolandwolf186
Betteridge's law of headlines is an adage that states: 'Any headline that ends in a question mark can be answered by the word no.'
Da fuq
One red day: oH nO tHe MaRkEt Is CrAsHiNg. Calm down, it’s just a correction.
Good. A buying opportunity.
yes
And while it falls, we keep on holding our stoncks 🙌💎
yes
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