Sunday 31 December 2017

Is the S&P overvalued at Jan 1 2018 ?

Simple answer to this one is no .
Currently book values are still at just above median level of 3 .
At 3.3 , there is plenty of scope for euphoria to continue and the balloon not to burst .
That said we are into the negative large dip territory halfway through this year . In fact anytime this (or next ) year , we should see that nice 27 % tumble .

There is still quite a wait for 2034 .
When we expect the next stock market Apocalypse , akin to 2008 .

I wish all my followers a Happy New Year and to remain in the 9 per cent .
A struggle that will continue with us all Our Lives .

            bbr391



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