Crash 'Risk' Is Soaring: "This Is Where They Lost Their Minds" - News Today in World

Crash 'Risk' Is Soaring: "This Is Where They Lost Their Minds"

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Title : Crash 'Risk' Is Soaring: "This Is Where They Lost Their Minds"
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Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10-12 year total returns, across a century of market cycles.

As Didier Sornette correctly observed in Why Markets Crash,

“The collapse is fundamentally due to the unstable position; the instantaneous cause of the crash is secondary.”

My sense is that investors are going to learn this again the hard way.

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