When this ridiculous stock market implodes once more, strategists will be scampering to explain how some unexpected event caused losses that “no one could predict.” That of course will be just as false then as it was in 2000 and 2008. The below chart offers a reality check for anyone wishing to stay awake and ahead of the curve.
Data source see: Factset
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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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