Dear Reader, The market is at an epic top. The S&P 500 is at an all-time high… | | |
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More "unicorns" — billion-dollar startups — are being created than ever before… | | |
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And, of course, as we know, more money is being pumped into our economy than ever before… | | |
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But just how overvalued is this current market? Below are a few charts that help illustrate this. I won't go into detail explaining how these metrics work. (You can Google that if interested). What's more important is comparing today to the past. First up is an average of four different valuation indicators. All-time high. Worse than even 1929… | | |
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Next is legendary investor Peter Lynch's "Rule of 20" valuation. Another top… | | |
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Next comes data from Goldman Sachs. U.S. equity issuance as a percentage of U.S. GDP. According to GMO, run by legendary investor Jeremy Grantham, this is supposed to be a good predictor of future busts. Again, record highs… | | |
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And, finally the master of all masters. Warren Buffett. His indicator has never been higher… | | |
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One has to wonder: Could all these investing legends be wrong? It seems unlikely. However, what is uncertain is how the next correction will take place. That's where tech visionary Jeff Brown comes in. Jeff's firm called the exact top of the dot-com bubble. And Jeff predicted the "corona" crash 45 days in advance. But this next correction won't be the same as all the others, argues Jeff. There will be something very unique about the next big market shift. And you can see Jeff's full analysis and prediction right here for free. | | |
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Van Bryan Editorial Director, Brownstone Research P.S. It's not all doom and gloom. (Thankfully!) Jeff has also singled out 5 stocks he believes could actually zoom ahead in the coming months. See for yourself by clicking the image | | |
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