8/9/2018 – Another mixed day with the Dow Jones down 75 points (-0.29%) and the Nasdaq up 3 points (+0.04%)
Today’s market action was once again nearly ideal if we consider our overall forecast. If you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here
Now, let’s look at some scary charts……
We have argued for some time, based on numerous metrics, that today’s stock market is selling at its highest valuation level in history. Yes, going all the way back to May of 1790. The chart above presents us with yet another confirmation point of the same.
Having said that, you can nail this chart to a bull’s head and they will still argue that today’s market is undervalued and that FAANG stocks represent a wonderful buying opportunity. Any more scary charts? I am glad you have asked.
In other words, while just TECH stocks were massively overpriced at 2000 top, today it is EVERYTHING BUBBLE. Perhaps that is the reason Warren Buffett is sitting on a massive cash pile while the rest of value investors are chasing “undervalued unicorns”. And if that wasn’t enough, there is this comparison……
Now, you don’t have to rely on the charts above to figure out what the stock market will do next. We have the exact answer you are looking for. If you would like to find out what the stock market will do next, in both price and time, based on our mathematical and timing work, please Click Here.
