The American stock market valuation has already entered the - TopicsExpress

The American stock market valuation has already entered the bubble. Why the S&P 500 should be higher now than in 2007 makes no sense to me. With an intransigent Congress preparing to hold America hostage again over the debt ceiling; a brutal, structural reality about unemployment which belies official statistics; and this unsustainable, speculative stock bubble, we may be headed into the perfect storm. The article only discusses margin debt in 2007 and 2009, but it was margin debt in the late 1920s which precipitated the worst crash in history. businessinsider/deja-vu-on-margin-debt-2013-7

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