Are we headed for a crash?

The US stock market has hit new all-time highs across all major market valuation indicators. Current stock valuations have surpassed the peaks of 1929, 1965, and 1999 — the very periods that were followed by major crises or decades of stagnation.

History shows that when the market reached such extremes, it was followed either by a sharp collapse or a long sideways movement with inflation.

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