FYI: he bulls have gotten used to being told that the stock market is more overvalued than it’s been in years.
“So what else is new?” they typically ask when presented with yet another indicator showing overvaluation.
Well, here’s something that should get even their jaundiced attention: According to one valuation model that has a stellar long-term record, stocks are now more overvalued than they have been since 1969 — almost half a century ago.
Regards,
Ted
https://www.marketwatch.com/story/stock-investors-are-partying-like-its-1969-and-thats-a-bummer-2018-01-30/print
