The NYSE Composite is indicating some uncomortable symmetry currently. As NewEdge’s Brad Wishak notes, the index (which represents 61% of the market capitalization of globally listed companies) has risen about the same amount over the same period as in the run-up of the last debt-fueled bubble (only this time the valuations are notably richer). Will Janet Yellen make sure this time is different…? Or is the right question, 2007 USA or 2006 Zimbabwe?
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Np3l2_X2BRw/story01.htm Tyler Durden