Every week has brought even higher more ridiculous valuations and even fewer participants. This era will be filed in the history books under the chapters “clear and present danger” and “monetary policy gone mad”.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
Marc Faber explains why present conditions are reminiscent of those before the 1987 market crash. Here is a direct video link.
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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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