gainspainscapital.com / Graham Summers / August 1, 2017
Over 99% of investors continue to live in delusion.
That delusion is that stocks are NOT in a bubble.
They are. In fact, it’s arguably about to become the biggest stock bubble in history.
According to John Hussman, stocks have been more expensive based on median valuations only ONCE before in history.
That was the week of March 24 2000… right around the absolute PEAK of the Tech Bubble.
Here’s Hussman’s chart:
Here’s what came nex
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