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maccabean maccabean NZD, M, Short ,
NZD: NZ Stock Market in a clear bubble
125 0 2
NZD, M Short
NZ Stock Market in a clear bubble

Am I the only person looking at this chart? There's no other commentary. Look at this chart and tell me if this looks really dangerous. The SPX and NZD (NZ50) has correlated tightly since records go back. Looking at this chart, there has been a clear divergence in Nov 15. The SPX500 remains expensive at 25 PE ratio, while the NZD has continued to rocket up, ...

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