These high valuations are coming at a time when investors are heavily invested in stocks

via @valuewalk: “Corrections happen during growth-rate cycle slowdowns, they don’t require a recession.” – Lakshman Achuthan, Economic Cycle Research Institute

We’re at 1929 and dot-com bubble valuations, equity bull market is over and it will now turn into a raging bear standing on the waterfall devouring every salmon trying to swim up stream.

The U.S. stock market capitalization as a percent of GDP (Warren Buffett's favorite indicator) shows that we're at 1929 and dot-com bubble valuations: $QQQ $SPY — Jesse Colombo … Read more