With the “raise cash” calls rolling in, and with DM central banks poised to upset all kinds of applecarts (including the bacchanal, drunken orgies hosted by the vol. sellers and carry traders), we cast a wary eye at the following charts and ask:
What could possibly go wrong?
Multiples are now stretched to their dot-com bust breaking point…
Valuations are in the 97th-100th percentile versus history for the median S&P stock…
Corporate leverage is near decade highs…
And you, dear homegamer, are all-the-fuck-in…
[Charts: Goldman]
This is you…
Great post!