Thanks to the ferocious bull market in stocks and decades-long boom in bonds, asset prices are looking very expensive these days — and that could signal trouble down the line.
The average valuation of stocks, bonds and credit is more expensive than at any time since 1900, according to a Goldman Sachs report published late Tuesday.
“It has seldom been the case that equities, bonds and credit have been similarly expensive at the same time, only in the Roaring ’20s and the Golden ’50s,” strategists at the investment bank wrote.
Read more at CNN Money
