By Chris Martenson – Peak Prosperity
It’s a familiar, but strange, place for a couple of market pros like myself and Paul Kiker to find ourselves. We’ve been here before, back in 2000 and 2008.
It’s where market euphoria blithely overlooks economic facts. Let me be blunt; with stocks now the most expensive they’ve ever been in all of history, the chance of portfolio losses here is approaching certainty. The alternative is that this time has to be different, and it never is.