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Alan Greenspan , former Chairman of the Federal Reserved called it right years ago when he called a huge upswing of that era "irrational exuberance"
those with discretionary cash, probably lots of newbies, are pouring money into it
I'm benefitting along with everybody else, but I'm not fooled by this
the S&P 500 lost 38.49% in 2008 and about 20% in 2022 and 23.4% in 2002
some investors are going to be in for a shock -
especially those that bought some individual stocks that are likely to tank much more than the broader market
but no telling when this will happen - it may be pretty far off - but it's coming - definitely
from the link:
"Based on September's S&P 500 monthly data, the market is OVERVALUED somewhere in the range of 117% to 193%, depending on the indicator."
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https://www.advisorperspectives.com/...ill-overvalued
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