After the worst intraday selloff since 1987, the stock market roared back Friday in the biggest one-day rally since 2008. But don’t take that for an indication that the bear market is over. Technical analysts say the stock market is due for another plunge. That would make Friday’s rally what traders call a “dead cat…
Non-financial corporate debt as a share of GDP has surged to 46.4%, exceeding that of the last two major recessions in 2001 and 2009. Corporate borrowers were already flashing warning signs long before the coronavirus pandemic, but the novel disease could disrupt revenues and make it harder for companies to service their debt. Credit downgrades…
The Buffett indicator flashed red right before the Great Recession hit in 2008 and the Dot Com bubble crashed in 2000. Today it indicates the stock market is in an even worse bubble than the last two times valuations collapsed. Before the Dot Com crash, Warren Buffett predicted stock returns would fall dramatically in a…
