It’s one way of looking at the stock market that doesn’t require a deep understanding of the ways of the Federal Reserve or of assessing what the quarterly earnings of a company MIGHT be. These measures indicate how far away the markets could be from “normal” based on a chart history.
Even though some of these are showing extreme readings already, it doesn’t mean that they can’t get more extreme. Stock markets are capable of extraordinary runs. Nonetheless, it’s helpful to take in and consider just how far stocks have travelled since they hit the October lows — and how much energy has been spent.
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