"...the P/S ratio is now 2.50 standard deviations from the median and well above the prior levels preceding the significant bear markets of 2000-2002 and 2007-2009.
"...it is very likely monetary policy is fueling a new form of bubble logic.
"The world's central banks own stocks and bonds that private investors didn’t want, bought at prices they wouldn’t pay [to keep the world's population pacified and to Potemkin] the economy into looking better than it does];
Price–sales ratio, P/S ratio, or PSR, is a valuation metric for stocks.
...The smaller this ratio (i.e. less than 1.0) is usually thought to be a better investment since the investor is paying less for each unit of sales.
...The metric can be used to determine ...relative valuation of a sector or the market as a whole.
It's not real, but you have been told it is real, so go along with your immediate term plans, leave your money invested, and everything will be ok, just like you've been told
Pay no attention to trends
Think what you've been told to think
Act how you've been taught to act
'As calm as Hindu cows', otherwise known as sheep
The Fed will make everything go back to being ok, every time, forever