key, " hype and euphoria is a common thing in over extended markets,"
nothing like what is over the horizon.
You seem to think in mainstream advertised patterns and that is understandable. I have found little free thought in relation to market theory. We seem to read off the same page which is typical of me. I learned some time ago that current market valuation methods went slightly squiggly once the markets broke through the conventional glass ceilings driven by Central Banks desire to prevent financial bedlam.
Markets will adjust to meaningful valuations irrespective of meddling and the Central Banks know it. They can drive markets up but not keep them at lofty heights without some steam off. Generally speaking global markets led by the US have gone over the norm. Mergers, acquisitions, buyouts and share buybacks are at saturation levels in the US. However the 'PE' theories don't touch mining and tech stocks' valuations because that metric is way over done.
I really can't show you my system as it is complex and, probably like yourself, developed over many years at a cost. Mine works as I say yours does but this crazy market place needs to be viewed with another dimension especially as I cover many markets.
How can I give a prediction as to when this oversold S&P goes into correction mode where will be more than one external factor that forces a move? We're not there yet.
Another issue not apparent is that for there to be a "mother of all bubbles" there will most likely be markets in nearly every sphere going over sane valuations over the same period of time . That hasn't happened yet but it's on the way
So summing up; to use conventional valuation methods in this highly unusual market means those calculated outcomes just might be totally wrong and so there should be another way to grasp this complex market activity.
