At yesterday's close, the 10% of S&P 500 stocks with the most extreme valuations have median price/revenue ratios just 11% from 2000 extremes. Of course, that decile suffered median losses of -83% in the next two years. The other 90% of the SPX is already 30-70% past 2000 levels. pic.twitter.com/yDR011OZ24
— John P. Hussman (@hussmanjp) February 11, 2020
Not a bubble.
No inflation. https://t.co/LA8zYwlaKa— Sven Henrich (@NorthmanTrader) February 11, 2020
The effective yield on BBB corporate debt has fallen to the lowest level ever, below 3%. pic.twitter.com/Rgy5ezsexB
— Eric Basmajian (@EPBResearch) February 9, 2020
12m change in Fed liquidity suggests this might be largest boost in over 50 years @federalreserve @crossbordercap @SoberLook pic.twitter.com/Cve9027yiU
— Liz Ann Sonders (@LizAnnSonders) February 11, 2020
Jeff Bezos has sold roughly $4.1 billion worth of Amazon shares in the past weekhttps://t.co/tnYfQCh6Fz pic.twitter.com/kNFrd1d1bg
— Michael Batnick (@michaelbatnick) February 11, 2020
Mega-caps continue to rule@SoberLook pic.twitter.com/t6I0LL4Fks
— Liz Ann Sonders (@LizAnnSonders) February 11, 2020
Great chart by the fantastic @TaviCosta: The percentage of S&P 500 sectors at record valuations is higher than during the tech bubble. pic.twitter.com/zCTjEmdoKj
— Ronnie Stoeferle (@RonStoeferle) February 11, 2020
Ponzi Schemes Hit Highest Level in a Decade
The amount of investor money in alleged Ponzi schemes hit its highest level in a decade in 2019, suggesting the next Bernie Madoff-type fraud isn’t far behind.