The stock market is 70% overvalued … crash now inevitable

‘Author Charles Dickens’ classic, A Tale of Two Cities, begins this way: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness … .”
According to one stock market analytical firm, GMO, today’s market behavior resembles Dickens’ book, which was published in 1859 and was set during the time of the French Revolution some seven decades earlier.
As the firm noted, in recent days much of the investing and financial world was focused on a meeting in Jackson Hole, Wyoming, attended by Federal Reserve chairperson Janet Yellen. But GMO analysts were watching other things and events happening in the market.’
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