Markets were mixed on Monday.
Investors in the US may be getting nervous at the extreme valuations of US stocks.
Brett Arends at MarketWatch wrote on Monday: “This is the most dangerous and overvalued stock market on record.”
Arends quoted John Hussman as saying: “Presently, we observe the broadest market valuation extreme in history.”
He also cited the World Bank in saying that the US stock market is now valued at more than 150 percent of annual gross domestic product, way above historic norms and about the same as it was at the market extreme of 2000.
However, John Bollinger, creator of Bollinger Bands, thinks that the charts are pointing to even more highs for stocks.