The Last Time Markets Were This Over-Valued, DotComs Crashed & The VIX Complex Collapsed
If you’re buying stocks here with both hands and feet, these are the ‘facts’ you’re accepting…
The market has never, ever been more complacent…
At least 12 people dead in Kazakhstan plane crash
The market has never, ever been more highly priced. The last time that the S&P 500’s price-to-sales (far harder to manipulate that P/E) was March 2000 (right before the dotcom collapse) and late Jan 2018 (right before VIXmageddon)…
Additionally, Enterprise Value-to-EBITDA is near its record highs…
Additionally, the yield curve trading flatter/below the credit spread of US senior bank debt has not ended well for markets…
…click on the above link to read the rest of the article…
