This Week In Confirmation Bias: Faber – “Stocks are the Most Expensive, Well, Ever”

Faber Stocks Expensive

From Meb Faber:

I jabber a lot about valuation metrics here, and I mentioned this one on Twitter the other day. Its doesn’t need much explanation – the median stock in the S&P 500 is the most expensive it has even been (for as long as we have data). That’s never a good sign!

If your favorite valuation indicator is not at “the highest ever” , many valuation indicators and now at “the highest ever except 2000″. That’s not good company unless you are a short seller.

– See more at: http://mebfaber.com/2015/03/13/stocks-are-the-most-expensive-since-the-1960s/#sthash.fG4wlNNm.dpuf

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