This tweet and chart from Economist David Rosenberg last Friday is worth a ponder for all those still holding and hoping for the miracle of perpetual levitation in the stock market. You are here. What’s your plan?
How expensive are equities? Price/tangible book at 10.8x is nearly double the historical norm, a record high that is 24% above the dotcom bubble peak and represents a 3 SD event. In a word – froth. pic.twitter.com/NlnUtpz5Pi
— David Rosenberg (@EconguyRosie) June 21, 2019
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