US stocks are now the most overpriced since the 2000 crash. – Sovereign Man

“On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world: “Dow Industrials Top 10,000” The day before, the all-important US stock index, the Dow Jones Industrial Average, closed above 10,000 for the first time in history. It was a major milestone, and investors cheered. A few investors, however, were concerned. They felt that US stocks were too expensive, and the entire market was in a dangerous bubble. But the Wall Street Journal answered those naysayers, as the headline of the second article on the front page ominously read: “If this is a bubble, it sure is hard to pop.” They were right.”

Source: US stocks are now the most overpriced since the 2000 crash. – Sovereign Man

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