Wacky is the only way to describe the current economic and stock market environment. Market pricing has become unhinged from the reality of fundamentals. Jobs numbers are increasing, but wage growth remains stagnant. Household net worth – as a percentage of disposable personal income – has never been higher. While we can’t predict what the markets will do, our current situation seems reminiscent of the events preceding the dot-com bubble burst in 2000 and the collapse of the housing market in 2007.
Source: Fox Business