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Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is “Terrifying” And He Is Right

by Jeff Berwick, The Dollar Vigilante:

We live in a unique time. Never before have the markets gone to such extremes in almost every way imaginable.

Not just the markets either. Nearly everything.

US government debt is just getting ridiculous now. There are really no more words to say how out-of-control and unsustainable it is.

It’s almost as though they are attempting to bankrupt the US on purpose… which is one of our main theories.
And, we’ve seen countless big names in the financial world come out warning of an impending collapse in the last year. Bankster kingpin, Jacob Rothschild, even warned we are in “unchartered waters” on August 21st of last year.

The latest to warn is Paul Tudor Jones, the billionaire hedge fund manager who recently came out with a “controversial” bearish statement regarding the future of US markets.

At a closed-door Goldman Sachs conference last week, he said, “That measure – the value of the S&P relative to the size of the economy – should be “terrifying” to a central banker.”

In addition to that measure, here is a look at the Wilshire 5000, a market-capitalization-weighted index of the market value of all stocks actively traded in the US, versus US GDP.

As you can see, the value of stocks in the US is higher now than at any time in history versus GDP. It is far higher than it was in 2008 and even higher than the tech bubble where companies like Pets.com were valued in the hundreds of millions just for having an internet domain name.
And, now with the Dow Jones back near 21,000 and the Nasdaq over 6,000 AND the Federal Reserve still with interest rates at only 1%, it is setup for absolute disaster.

The Dollar Vigilante’s Senior Analyst, Ed Bugos, agrees with Tudor and has also pointed out how the past 16 years of low interest rates have bloated stock valuations to a level not seen since 2000.

Read More @ TheDollarVigilante.com

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