[quote=all][quote=Leorocky]
Please do some research on stock valuations. They correlate very strongly with things like corporate profit and cash flow. Those are both at record highs. In other words, the fundamentals support the valuation. That’s not the case in a bubble when the valuation goes off the rails. [/quote] This Chart Pretty Much Sums It Up[/quote]
From Rich’s piece (linked by all):
“That is the primary difference between US and international stocks right now: investors in the US market are betting that “this time is different,” and that valuations will—for the first time ever—fail to eventually revert down towards a more historically average level. Investors in international stocks, which are already near their average levels, don’t need to hope that this time is different at all.”
