That's right, more overvalued than during year 2k and the subsequent tech wreck that ensued.
How?
Simple, measure the RUT against something that is not transient, i.e. in this case silver.
Frustrated with the back and forth of the market during late 2018-2019?
Not if you were measuring assets correctly, for those with the forethought to do so, they are...
SP-500/ Gold - #ValueCycle Analysis
*Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500
*I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below)
Macro Analysis: Lower Chart
- After the lunacy of the tech wreck in the late 90's...
$1,000 to $21,000
or
61 oz of silver to over 1200 oz of silver
Yes... you read that right...
I was genuinely unsure about whether or not to bring this information to more people's attention, many people are unaware of the power of this very simple model and mindset switch.
Simply put, if you price everything in dollars, you will end up with more or less...
