Insanity: As The US Enters A Depression, Stocks Are Now The Most

Insanity: As The US Enters A Depression, Stocks

Are Now The Most Overvalued Ever

So congratulations Jerome Powell: you have succeeded in the impossible - with the US economy entering a depression, with US GDP set to plunge as much as 50%, with US unemployment already 15% and set to hit 20% or more, the Fed chair has single-handedly disconnected stocks from all fundamental anchors and made the S&P the most overvalued in history as its forward P/E hits the highest number ever recorded.