US Stock valuations are at the most extreme level ever – even excluding the impact of the pandemic on GDP and profit

Stock Market

by SpontaneousDisorder

Sauce

www.hussmanfunds.com/comment/mc201116/

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By traditional valuation metrics, we were at extremes 5 years ago. That’s when I started becoming perma-bearish.

Yet the bubble keeps inflating! Feels like I’m going to die before it pops. If a pandemic and -30% GDP can’t pop it… what can?

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