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.
Cory’s Chart Corner
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