After the ‘flush’ last week, the market is still at its 2nd highest valuation in history.

you are @ HERE. after the 'flush' last week, the market is still at its 2nd highest valuation in history. this ratio has averaged 100% over the last 3 decades. getting back to that would require lopping another $8t off mtk cap. (that's assuming we neatly revert to the mean). pic.twitter.com/RbEoud1dtc

— steph pomboy (@spomboy) March 2, 2020

Stop with the nonsense #investors were #bearish going into February. @UMich household survey showed extreme confidence and true risk. (Chart: Zerohedge) pic.twitter.com/YCYpGKB1NX

— Richard Bernstein (@RBAdvisors) March 2, 2020

OECD warns coronavirus could halve global growth

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