Prediction evidence

"You always look at market cap to GDP and other charts, and stocks look like they're poised to crash." Dave Weisberger on why the stock market is not overpriced "You said something else, Mike, you made an offhand comment, corporate earnings are off the charts. That's right." "Because of the AI boom, because of a lot of other booms, corporate earnings are at ridiculously high levels, in fact highest ever in terms of percent of GDP. That is why the stock market is not overpriced." "Except the problem is that companies are more profitable now, and that's what people are investing in. So you have to look at the fundamentals also." "Yes, in the short run, markets ignore fundamentals. They trade on momentum." "Now, the direction of momentum at this point is pretty clear. If we do get a break in oil prices, risk markets are gonna rip, and scarcity markets are gonna rip even more."