This is not going to end well I tell you. We are significantly overvalued at 123%. The question is: "When will it happen?"
I think it happens soon, because when we look at Japan, the GDP estimates there are now in negative territory. Japan second quarter GDP is forecasted to drop 10% year over year. That means the Nikkei will surely plummet and don't even think this won't affect the U.S. markets.
I think it happens soon, because when we look at Japan, the GDP estimates there are now in negative territory. Japan second quarter GDP is forecasted to drop 10% year over year. That means the Nikkei will surely plummet and don't even think this won't affect the U.S. markets.
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| Japan GDP |
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