Saturday, December 7, 2013

Bubble-like conditions in the stock market for the last nearly 20 years

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My answer is NO.

Stocks were returning to reasonable valuations near the end of the last bear market. Note: "reasonable" valuations. You'd have to go back to the early eighties to get cheap valuations. The last bear market didn't get all that close, and didn't stay there very long.

Published on Zero Hedge (http://www.zerohedge.com)