Don’t pay attention to prophets of doom who only have facts to reference. You need to believe the Wall Street shysters who are pumping out shitty money losing IPOs as fast as they can. You need to believe mega-corporation CEOs who are selling their own stocks at a record pace. You need to believe the bimbos and boobs on CNBC who are paid to mouth the Wall Street mantra of best time to buy. Don’t let facts and history get in the way of a good story. Just like October 2007. Wall Street needs a few good muppets to keep their party going.
Peak Bubble 2.0: The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak
Submitted by Tyler Durden on 04/04/2014 12:48 -0400
According to this chart from JPM the market’s forward P/E ratio now is precisely 15.2x. What was it at precisely the last bubble peak on October 9, 2007? 15.2x.
Everyone knows what happened next.
Source: JPM
