The US stock market remains over owned, over leveraged and over valued. It is clear that most investors have not understood the enormous risk they are taking for inevitably poor long term returns. John Hussman provides a great service by producing clear charts showing highly likely outcomes.
https://www.hussmanfunds.com/wmc/wmc140505.htm
Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
