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?
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Np3l2_X2BRw/story01.htm Tyler Durden