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L BA
Bloomberg Television
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Comments by "L BA" (@lambertois11) on "This Is Not the Time to Be Out of Equities: Subramanian" video.
Take a step back and look at the bigger picture. Banks and brokers make money when you buy and sell stocks; they really do not care if you make capital gain or capital lost. The low interest rates and quantitative easing resulted in a huge stock market bubble. The stock market bubble is about to burst. The current S&P500 P/E Ratio is 29.3. This is 46% above the modern-era market average of 19.6. The Buffet Indicator Market Cap to GDP ratio is very high 157%. When the indicator is above 100% it is not a good time to buy because the market is overvalued.
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I would add "please buy my bags of lies!
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