ANATOMY OF THE COMING MARKET DECLINE: FRENZY, FEAR, FIZZLE, AND FALL

Stock market prognostication is something I typically highly recommend against doing, yet I do so below. Why? First, because I perceive an unusually high level of risk in today’s equity markets. This is based on the inconsistency between today’s stock market valuations on the one hand and on the other hand today’s depressed economic environment […]