Reason Why 2013 Stock Prices are in the Stratosphere
Coaching Tip
OCTOBER 4, 2013
Let''s normalize this indicator to GDP and see what we have. Margin debt as a percentage of annual GDP is still 10 times the 1974 level. The current ratio is also 3 times what it was at previous major tops in the stock market in the 20th century. -- The Elliott Wave Theorist , July-August 2013.
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