GREECE: A massive forest fire has broken out in Akraiphnio, Boeotia, and is now raging out of control.
Firefighters are battling the flames from both land and air, as conditions make the spread increasingly difficult to contain.
⚠️The US stock market has NEVER been this expensive:
The US equity market valuation has now reached the highest level on record.
This includes P/E, forward P/E, Shiller P/E, Price-to-Book, Price-to-Sales, EV/EBITDA, Q ratio, Warren Buffett indicator, and Return on Equity (RoE).
This combined metric is now higher than previous peaks seen before the Great Depression in 1929, or at the 2000 Dot-Com Bubble peak.
Historically, such periods have followed years of US stock market underperformance.
Is history set to repeat, or will the US equity market continue to thrive?
🚨: The UK weather department has issued an "extreme heat" weather warning
Parts of the UK are expected to reach temperatures as high as 38°C across the next few days.
When you realize the intro of the famous song "Smoke on the Water" by Deep Purple is the intro of Beethoven's 5th Symphony simply played backward.
Mind-blowing.