Well, here we are again. Almost 10 months since I wrote my first post that markets are too high and people are still greedy for more. S&P 500 has gone up by 191% since March 6 2009, so in less than 5,5 years "The Economy" in the United States has apparently gone up by 191%. Is that possible? Of course not, the stocks are overvalued by a huge margin. There is no more margin of safety for investors.
All time high S&P 500 at 2000 today, on March 6 2009 it was 683.
Enjoy the ride.
Damian
