THE MOST POPULAR TERM ON WALL STREET
Last year Wall Street was overly conservative with what The Wall Street Journal referred to as their “pathetically wrong” 2017 stock market forecasts.
This year the conversation has come full circle, with countless calls for a late-stage bull market melt-up. And with that, we will add to the discussion today…
DO THE FACTS ALIGN WITH THE STORY?
Since a ‘melt-up’ implies a certain degree of irrational behavior that could be followed by a harsh bear-market lesson, it is prudent to see what present-day and historical facts have to say about the seemingly logical melt-up theory. This week’s video presents charts in an objective and unbiased manner, allowing you to draw your own melt-up conclusions.
After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode.
DO VALUATIONS ALIGN WITH A FINAL MELT-UP?
Recent posts on Shiller’s CAPE ratio and standard PE ratios provide some additional insight into the melt-up equation.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
