It never ceases to amaze me how conditions can change almost instantaneously in the stock market. It was only a couple of months ago that the S&P 500 seemed invulnerable and on pace for a double-digit return year. However, as we approach the end of 2018, with countless investors praying for a Santa Claus rally, any gain would be appreciated.
At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from David Hay’s upcoming book tentatively titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”.
How soon we forget. George Santayana long ago wrote these immortal words: “Those who cannot learn from the past are doomed to repeat it”. However, a more recent thinker took his observation one step further by wryly observing (with a little paraphrasing by yours truly): “And the rest of us are doomed to suffer along with them”.
In this exclusive Quarterly Webinar, David Hay discusses what’s happening in the housing market, credit spreads and US treasuries, small cap stocks, the credit bubble, US corporate profits, global trade war, US stock market, and echoes of October 1987.
In this week’s Guest EVA, we’ve got two of the financial world’s heaviest heavyweights weighing in on one of the weightiest investment questions: Is the Stock Market Overvalued?