?w=841&dpr=2&fm=webp&q=30 The current ratio of 230% is approximately 76.62% (or about 2.4 standard deviations) above the historical trend line, suggesting that the stock market is Strongly Overvalued relative to GDP.
It can and it will get even more overvalued before it normalizes.
Not being contrarian just for the sake of being contrarian. I’m just pointing out what I’m seeing.
Discussion
Bitcoin may still go lower ($69k is fully in play), but to be honest the likelihood of new ATHs next year is very high.
The business cycle this time is longer than it used to be.
Yea it definitely could go higher no doubt just seems like there are a few companies holding up the entire S&P and when those correct it will take the market with it. I think there will be a rotation from tech / high growth into value.