Stock market crash mirroring 1929 Great Depression could be sparked in 2018, expert warns

Stock market crash mirroring 1929 Great Depression could be sparked in 2018, expert warns
 

The fears were raised after it was revealed that the CAPE Ratio, a calculation that tracks the real earnings of shares, was even higher than it was even before the Great Depression.
Financial expert Mark Kolakowski said: “As US stocks continue soaring to record high after record high, investors anticipating an inevitable plunge have yet another cause for sleepless nights.”
The ratio developed by Nobel Prize-winning economist Robert Shiller is used to calculate whether the market is overvalued and is currently sitting at an even higher level than before the dot.com bubble burst.
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20 January 2018 in Business, Views: 60
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