The Stock Market Is Doing Something Witnessed Only 3 Times in 153 Years – and History Is Very Clear What Happens Next
Posted by No-Specialist-3802
The Stock Market Is Doing Something Witnessed Only 3 Times in 153 Years – and History Is Very Clear What Happens Next
Posted by No-Specialist-3802
1 comment
Why is an article from Nov being posted 3 months later??
Also, saved you a click…
As of November 13, the Shiller P/E ratio for the S&P 500 stood at 38.18, more than double the historical average of 17.17 since 1871. This has only happened three times before in 153 years, during the dot-com bubble (1999) and briefly in early 2022.
What followed those peaks? Massive Stock Market downturns. After 1999, the S&P 500 dropped 49% at its lowest, and the Nasdaq Composite fell even further. Similarly, the overvaluations of early 2022 preceded a bear market that affected all major indexes.
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