So I’m reading this morning that Snapchat, after yesterday’s booming IPO, is larger financially than American Airlines, CBS, and host of other established businesses. This is the moment when clients call me and tell me that they want to go all-in on the stock market. They may be right. But according to this chart, we are in a bigger bubble than 2000. And that ended so well….not.
…Is that it’s a paper cut. Most days the market has barely declined at all. We don’t know what will happen. So far, not much.
To prevent becoming too concerned about day-to-day price volatility, check out this ultra-long stock market chart here.
Fascinating! Investing works. Stay the course…even if it gets a bit bumpy.
Here’s today’s thought to ponder. Stocks appear very overvalued. In classic financial markets, this matters.In today’s markets, this may not matter. In our brave new world, the support of central banks tends to distort valuations as indicators. However, there’s no harm in being cautious. Read the article here.