Most overvalued market in 50 years
And retail is still throwing money at it. That's not a signal things are fine. That's a signal we're at the top.
S&P 500 hitting new highs while valuations are in the stratosphere and everyone still wants to buy? That's textbook bubble behavior. When the dumb money is still confident, the smart money has already left the building.
JUST IN: S&P 500 hits all-time high of 7,520
Source
x.com