This market has been riding on Fed juice for way too long and is in need on a major correction to get healthy.
The banks need to reduce the risk in their portfolios or we may see another huge assets wipe-out and big bank shuffle.
Historically, the P/E ratio for the S&P 500 is about 18. Currently, the P/E ratio is nearly 29. Hardly time to cheer for this bloated group. More juice than substance.
TLT may be a safe place to watch the approaching storm.
The banks need to reduce the risk in their portfolios or we may see another huge assets wipe-out and big bank shuffle.
Historically, the P/E ratio for the S&P 500 is about 18. Currently, the P/E ratio is nearly 29. Hardly time to cheer for this bloated group. More juice than substance.
TLT may be a safe place to watch the approaching storm.
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