Media Media :p....
I've been around this sharemarket game for 40+ years and I've heard all this Media rubbish before....One thing I have found in the past is their strange ability to find
Billions of cash picking up the gems after the bear market carnage ...now tell me how they can do this ..obviously selling up their selective so called "cheap" shares they keep on telling the general public, to fund a war chest to spend at the end of a bear market...There are war chests forming now..to distract the more observant until their war chests are full, they ambiguously infer a continuing "no worries" to the general media and let the general media roll the ball from there.
But their indicator charts tells the real story ...eh.......They are saying USA equity market is not cheap, it's significantly overvalued..now higher than 1929.
The two indicators below are measured using different factors but look at the two chart patterns they are almost identical
EDIT: We can't use an excuse that todays sharemarket is fairly valued because of low inflation (1.7%)..In 1928 the inflation rate was -1.7%
Attachment 9129 Attachment 9130