Your Perfunctory Reminder That Markets Are Pornographically Overvalued Submitted by QTR’s Fringe Finance So here we are, staring at headlines that whisper of a potential Russia–Ukraine peace deal, and useless sell-side analysts that appear on CNBC daily, looking for any excuse to backfit their evergreen “buy” ratings to some type of good news that can continue to explain 40x PEs and an S&P 200,000 target are salivating. The narrative is obvious: peace means stability, stability means growth, and growth means stocks go higher. But anyone with more than a week’s experience in markets knows how this script can actually end: not with a euphoric rally, but… — Continue at ZeroHedge News : Read More
