No. of Recommendations: 11
I don't think we will see P/B < 1.25 unless there is an overall recession/ broader stock market decline.We'll see one soon enough, recessions and broad stock market declines are a normal, built-in part of how capitalism works...
A market crash is capitalism’s way of kicking out the people who filled their pockets with shrimp at the open bar.
US stocks have dipped into bear territory about every 6 years on average over the past 150 years.
Since World War II, the US has experienced a recession roughly once every 6 years.
And...
The Buffett Indicator is sitting at the highest level ever, over 240% = Strongly Overvalued
The S&P500 dividend yield is sitting at the lowest level ever, 1.04%
The Sahm Rule Recession Indicator has triggered
The Yield Curve has un-inverted. Historically, the inversion is the warning, but the un-inversion is the actual tripwire.
We'll see, stay frosty my friends!
https://buffettindicator.orgfidelity.com - Bear marketkiplinger.com - Recessions facts you must know
