I've been thinking the markets are overvalued for a while, let's say for the last 2 years.
Charting on a log graph tells me otherwise.
Past 2 years were definitely within the channel however now the US equity market is entering the bubble territory for sure.
It's interesting to note that Trump thinks the markets are overvalued - I believe it's something he said before he became president. Let's acknowledge the fact that he understands money better than any previous US presidents. I think he'll be the guy when the bubble pops, that will say - deal with it. Bubbles happen, bubbles pop, life goes on and markets recover.
Anyway, that's a side note but I do think this is a very interesting chart - BULLS PROCEED WITH CAUTION.
Charting on a log graph tells me otherwise.
Past 2 years were definitely within the channel however now the US equity market is entering the bubble territory for sure.
It's interesting to note that Trump thinks the markets are overvalued - I believe it's something he said before he became president. Let's acknowledge the fact that he understands money better than any previous US presidents. I think he'll be the guy when the bubble pops, that will say - deal with it. Bubbles happen, bubbles pop, life goes on and markets recover.
Anyway, that's a side note but I do think this is a very interesting chart - BULLS PROCEED WITH CAUTION.
Nota
'Entering bubble territory' is an opinion - technically it's entering the upper channel of a channel based on trendlines going back to the 70s so I do think it is significant. As demonstrated in the previous years there is still room to run but I think the probability of another 5 year bull run without a major correction (20%+) is close to zero.
Nota
Significant rejection at the middle trendline. Let's see how this plays out.Nota
Is this the start of a 20%+ correction? Where does it end?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.