continue reading this – Peak Bubble 2.0: The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak (Zerohedge, April 4, 2014):
According to this chart from JPM the market’s forward P/E ratio now is precisely 15.2x. What was it at precisely the last bubble peak on October 9, 2007? my latest blog post 15.2x.
Everyone knows what happened next.