via @mcm_ct:
US stocks are the most overvalued ever, higher than prior speculative mania market peaks in 1929 & 2000
1. Price to Sales
2. Price to Book
3. Enterprise Value to Sales
4. Enterprise Value to EBITDA
5. Price to Earnings
6. Enterprise Value to Free Cash Flow
h/t @TaviCosta
Some pretty negative looking candles here – and for the record we remain looking for 2050 as our $SPX target though we think markets will likely go lower if the liquidation we believe likely triggers. /1
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