S&P Adjusted for Money Supply

٢٠ يناير ٢٠٢٠

Adjusted for the amount of Money Supply (M1+M2) we still are nearly as overvalued as in '99. The opportunity for several more months or even years of irrational exuberance are a possibility. It's hard to stop such a freight train of a strong trend.... so much momentum behind it.

For now .. LONG

٢٠ يناير ٢٠٢٠

ملاحظة

I meant "not" nearly as overvalued, at least in terms of Money Supply