The market is on THIN ice.
This is the single largest stock market bubble in history. It’s larger than the Tech Bubble in multiple metrics including:
- Market cap/ GDP (Warren Buffett’s favorite metric).
- Options trading volume (a sign of speculation). As Bill King has noted, this is BIBLICAL levels of speculation.
- Tesla (TSLA) a $1 Trillion company (the size Mexico’s GDP) is trading like a penny stock, moving over 10% to the upside or downside on a given day.