WTF Chart Of The Day: Speculative Frenzy '101'
![WTF Chart Of The Day: Speculative Frenzy '101' WTF Chart Of The Day: Speculative Frenzy '101'](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/1c9027e2fee8536b5833555070405c3c-600x311.jpg?itok=zUWuc36G)
In the new normal, where bad news is good news, stagnation is growth, and depression is a buying opportunity, it should be no surprise that the so-called "safety stocks" of the Consumer Staples sector have never been more risky. At a P/E valuation of 22x, food, beverage, and tobacco companies have never been more expensive.
But, "safety stocks" are not the most expensive stocks in the US equity market...
This is what a speculative frenzy looks like!
more than doubled in the last month!!