Stock bulls insist valuations aren’t definitive of durable investment returns. History does not agree. This chart of stock valuations cycles back to 1900, showing present levels in the rare and fleeting company (red zone) of just October 1929 and March 2000, says it all.
Follow
_________________________
Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity.
