“The expense of art has gotten crazy,” said Michael Novogratz, Fortress principal & director, explaining how to spot a bubble in the market. Here is a direct link. As Novogratz explains the obvious Central Bank built bubble in the art market today, realize these comments are equally applicable to stocks at present levels, for all of the same reasons. Although CNBC and the financial-tainment world are much less tolerant of anyone uttering such warnings about their bread and butter: stock speculation.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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