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US Stocks Are Now The Most Over-Priced Since The 2000 Crash

US Stocks Are Now The Most Over-Priced Since The 2000 Crash

Submitted by Tim Price via SovereignMan.com,

On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world:

“Dow Industrials Top 10,000”

The day before, the all-important US stock index, the Dow Jones Industrial Average, closed above 10,000 for the first time in history.

It was a major milestone, and investors cheered.

Dow 20,000 Is Here: What Professional Investors Say Comes Next

Dow 20,000 Is Here: What Professional Investors Say Comes Next

After over a month of foreplay, Dow 20,000 is in the rearview mirror.

And yet in retrospect, it didn't take long. Deutsche Bank's Jim Reid looks at how Dow numbers were first achieved and how long it took between each 1000 increment. Firstly the Dow only hit 1000 for the first time in January 1987. 5000 was reached in November 1995, 10000 in December 2003 and 15000 in May 2013. This is the quickest ever between round number thousand point increments as it only took 64 calendar days to go from 19000 to 20000.

The "Trump= DOW 25K" Crowd is about to Get Taken to the Cleaners

The "Trump= DOW 25K" Crowd is about to Get Taken to the Cleaners

The markets are completely misreading the Trump Presidency.

Since Trump won the election, the $USD has surged above 100.

The consensus view is that Trump’s Presidency will continue to maintain a strong $USD. This view is beyond incorrect. The surge in the $USD has in fact been based on the Bank of Japan taking advantage of the window between the election and Obama leaving office to aggressively devalue the Yen.

 

You can see this playing out with the S&P 500 tracking the USD/Yen pair almost tick for tick from election night.

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