Using four well known valuation methods, the stock market was overvalued by 55% when Bernanke took office in 2006. The stock market ultimately plummeted by 50%.
According to these same exact valuation methods, the stock market is currently overvalued by 67%. I wonder what the ultimate outcome will be?
I know. This time is different.
The magic of free enterprise can only help the socialist so many times. After so long socialist ideas collapse everything even it’s own idea.
The pictures of those two criminal Jewish bankster clowns is the reason stocks are overvalued by 60%, because they keep printing money and forwarding to the trading desks at JPM and Goldman. Nothing else matters at this point. It’s hilarious all the analysis and hand-wringing that takes place in the meantime, when everyone (even Grandma Yellen) knows that Fed bucks are the ONLY thing that matters anymore.
AWD
Exactly.
All these reports and analysis of the stock market – “hand wringing” HAH! I love it! – when the only thing that really matters is the river of Benny Bucks flowing into banksters coffers at zero interest…
Stocks are overvalued, undervalued, nonvalued, happy-valued… gold prices are artificially low (HAH! “Low”… that’s a laugh. I can remember when it was about $300 an ounce a few years ago… now it’s hovering around $1200…. “artificially low”… They think we’re really that stupid… BWAHH-HAHAHAH!)… it all boils down to “Fuck-all”…
Once the river of zero interest Old Yellen Bucks gets turned off and interest rates rise (and they will) the whole stinking tower will come crashing down…
It’s gonna be biblical… and I’m gonna watch and laugh my ass off…
Ya know, you just gotta get back to the classics to understand the modern world. Either the classical Masters had some incredible prescience OR, most likely, they really really really understood human beings and human society at a fundamental level.
I was thinking about the Alice In Wonderland quality to our economic woes and this quote popped into my mind:
“The different branches of Arithmetic — Ambition, Distraction, Uglification, and Derision.”
I think this stock market overvaluation falls into the “Ambition and/or Distraction” class, it will lead to horrible economic pain, aka,” Uglification”, and we on the TBP can then engage in howls of “Derision” at the stupidity/mendacity of all those involved.
See, perfectly explained over 100 years before there was a fucking stock market.
good stuff from jesse. he writes:
“It is easy to sneer at goldbugs, those who find a refuge from abusive monetary policy in the traditional safe haven of precious metals, but it quite another thing to tell the 800 pound gorillas in the global market, China and Russia among them, that they do not understand anything about risk and money.”
who knows how many metric tonnes of gold are in the hands of private citizens in those countries. and don’t forget india’s population–they’re plain nutso about gold. they’re all going to eat our lunch.
I was kinda thinking of the Wizard of Oz HZK
Follow follow follow the yellow brick road.
The Emerald [green] city
The man behind the curtain.
Everything is over priced because of the Federal Reserve creation of money.How can it not be?
I am waiting for someone, anyone to proclaim that they are shorting this market.
I knew better than to read this.
My heart is heavy.
It is hard to love and respect a person that is so willfully blind to reality.
So. Very. Hard.