iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,616 Blog Posts

Markets Are Wildly Overvalued — Still Long

If you look at the valuations of any stock worth mentioning, you’ll find it to be 20-50% overvalued based upon historical valuations. Whether said valuations should be expanded or not due to zero percent interest rates is another story. But the point here is that we all know stocks deserve to go lower and yet here we are buying into the madness.

Collective insanity?

Maybe.

I closed out numerous positions and bought some gold. Other than that, 65% cash.

Very busy and on the go now, so no time for a drawn out discussion.

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