The last few years have been a wild ride in the world's equity markets. None wilder than the US equity markets. The only fly in the ointment is that we've seen this kind of 'wild ride' before, the kind of unbridled nothing-can-stop-us-now, its-all-priced-in, Central-Bank-sponsored rallies that have been the bread-and-butter of every BTFD'er since March 2009. Presented with little comment - this time it's different, we really hope...
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and if that wasn't enough - here is the last six months...
[6]
and as we noted here recently [7] - this is not just a price pattern, this is a valuation boost pattern too: post-QE Peak P/E appears to have hit us once again...
(h/t @Not_Jim_Cramer)