Be Prepared For Stocks To Crash 40%-55%
HENRY BLODGET
BusinessInsider.com
NOV. 9, 2013
The stock market continues to set new highs, which is exciting and fun for those of us who own stocks.
I own stocks, so I’m certainly enjoying it.
I hope stocks continue to charge higher, but I can’t find much data to suggest that they will. I only have a vague hope that the Fed will continue to pump air into the balloon and corporations will continue to find ways to cut more costs and grow their already record-high earnings.
Meanwhile, every valid valuation measure I look at suggests that stocks are at least 40% overvalued and, therefore, are likely to produce lousy returns over the next 10 years.
Which valuation measures suggest the stock market is very overvalued?
The Rest…HERE