Poll: Is Biden America’s Worst President?
Recently on Fox News, Kentucky Attorney General Daniel Cameron blasted President Joe Biden branding America as a racism country and saying racism is a “stain on our nation’s soul.
According to Breitbart, after being asked if he think America is racist, Cameron replied, “Well, no, I don’t believe this country is systemically racist. What I believe is that this country has always tried from the very beginning to become a more perfect union. And, certainly, we have had our challenges throughout this nation’s history, and there’s no hiding from that. But when you hear comments like you heard from President Biden and others that throw fuel on the fire, that explode the tensions that we have in this country, that’s not good for hoping to unify this country.”
You can read the full details of this story here.
In the past couple weeks, we’ve taken a bit of a break from talking about the sky-high market valuations right now to talk about inflation, interest rates, debt, and Covid as huge risks to your portfolio.
These are still important to watch as I talked about in yesterday’s article which you can see below.
Today, we get back to talking about the markets sky high valuation because it’s now official.
The United States Is The Highest Valued Country On Earth.
This according to the Cyclically Adjusted PE ratio… Its also known as the Shiller PE or CAPE for short.
The current CAPE ratio now sits at 37.11 for the S&P 500 index.
What does this mean?
This valuation is higher than at any point going back to the 1870’s at any other point in history other than right before the Tech Bubble burst in 2000.
Yes, the market is now more overvalued than right before The Great Depression… And it’s not close.