THIS COULD BE THE MOST OVERVALUED MARKET IN HUMAN HISTORY.
The Wilshire 5000 to GDP ratio just hit a record 226%, far exceeding the peaks of the 2000 Dot-com bubble and the 2007 financial crisis. We are currently trading at double the historical mean, a level of divergence never seen in over 50 years of data.
Every major market peak in modern history has been followed by a violent return to the mean.
While the 2000 bubble peaked near 140%, the current market has pushed nearly 80% higher than that legendary collapse.
The gap between economic output and equity prices has never been wider.