The run higher in the Nasdaq has become insane. It’s an “echo bubble” from the bubble that popped in November 2021. All of the classic “blow off top” indicators are flashing again. The VIX is back to ...

Fear and greed are universal to the human condition. And the fear and greed of the herd — a/k/a retail traders — is currently swinging far to the fear side. This may be good news, as the herd is often ...

AI optimism is driving the S&P 500 price-to-book ratio to records, surpassing dot-com levels. High valuations reflect expectations for AI-driven earnings. While the ratio's level is head-turning, it ...

One person's bubble is another person's "fair market value." What is clearly an outrageously overvalued asset perched at nosebleed levels of central bank-fueled speculative euphoria is, to the owner, ...