Barely a week after it set another record high, the Dow just suffered its worst one-day loss in its entire history.
While the latest turmoil hasnt reached the crisis level by any means, Ive been warning about a correction for months.
Warnings about an imminent collapse of developed economy stock markets, especially the U.S. markets, have been everywhere.
Whether you use Shillers CAPE ratio, Warren Buffetts preferred market-cap-to-GDP ratio, or traditional P/E ratios, markets were overpriced and ready to fall. Of course, that did not mean they would fall anytime soon, or....More>>>