Lucky it’s a sim acct
The stock market has never been this big relative to the economy, signaling it could be overvalued
PUBLISHED TUE, JAN 14 202012:59 PM ESTUPDATED MOMENTS AGO
Maggie Fitzgerald@MKMFITZGERALD
KEY POINTS
- The size of the stock market relative to the size of the economy is at an all-time high.
- The Nobel Prize winner Robert Shiller-created cyclically-adjusted price-to-earnings ratio (CAPE) is near the highest since 2000 dotcom bubble.
- “That the bulk of last year’s returns came from higher valuations, and not growth in earnings, only compounds investors’ concerns,” Goldman Sachs Investment Strategy Group CIO Sharmin Mossavar-Rahmani said in the group’s 2020 outlook.
https://www.cnbc.com/2020/01/14/the...economy-signaling-it-could-be-overvalued.html