Market Sentiment: U.S. Market Is The ‘Cheapest Asset in the Whole World’

Yet another sign that euphoria and irrational exuberance are driving the markets to a state of extreme overvaluation.

Stanley Nabi, the chief strategist of Silvercrest Asset Management, is another genius who believes that the market is "approximately 20% below what I would consider fair value, despite the fact that I am very conservative".

Seen on Yahoo Breakout:

A couple of other quotes from the interview:
  • "Mega-Caps are very cheap"
  • Nabi still regards the U.S. market as the "cheapest asset in the world, risk considered."

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