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Last Wednesday, you could almost hear the deafening cheers from Wall Street investors as the Dow Jones Industrial Average surpassed 20,000 for the first time ever. In 120 years of turbulent history, it has never before managed to come close to this level. Do not be fooled by Mr. Market.

Look back at the not-so-distant history of March 30, 1999. This was the day that the Wall Street Journal heralded the dawn of a new era as the Dow blew past 10,000 for the first time in history with its “Dow Industrials Top 10,000.” This then-record high occurred on March 29, 1999. It lasted for all of eight and a half months. 

By January 14, 2000, the Dow and other market indices had reached their inevitable peak. From this point on, a bloodbath ensued over the next two years. An eye watering $5 trillion of wealth became erased from the ledgers of investors the world over. 

These new lofty levels of the Dow should give you plenty of pause for thought. Whether or not you believe a severe market correction is long overdue or not, you should at least consider that buying stocks when they are overpriced is the single worst mistake you can possibly make in investing. Regardless of how amazing the investment may appear, when you pay too much, you are asking for trouble. 

How do you know stocks are so overpriced now? It is more than the recent record of 20,000, which only 10 years ago sounded more like science fiction than actually possible. It is the fact that the price to sales ratio is the highest it has been in 15 years at least. Some scary food for thought is that this ratio is actually massively higher now than it was before the last devastating crash in 2008.

Consider the Price to Earnings ratio as well. This cyclically-adjusted level today stands at its highest amount since the dot com crash after 2000, which is also higher than before the 2008 market crash. Ditto for Enterprise Values to EBITDA which measures the operating cashflow of a corporation’s principal business.

It would be naive to believe that U.S. stocks will simply continue to rise forever. History tells us what happens when investors start to believe that. A better choice is to invest in markets where there is opportunity remaining. Many overseas markets are now far more attractively priced.

Goldman Sachs just announced that European stock markets have twice as much potential and room to rise as do American equities’ markets. Their Price-to-Book ratios are significantly more attractive than are their American peers.

Even Japanese corporations are flush with cash (more than any exchange-listed companies in any rival nation) and starting to pay higher dividends and do more share buybacks. This is true while their stocks are at comparatively cheap prices when measured against American equities.

As for the debt levels of Japanese companies, they boast the strongest balance sheets on earth. Compare this to American companies which are overburdened with simply years of built-up debts. Value investing remains among the most successful strategies in the markets over the past 50 years.

Is Your Retirement Portfolio Ready for the Inevitable American Stock Market Crash?

Stocks never rise in a straight line. History has proven time and again when they irrationally get ahead of themselves, they come crashing back down. This was the case in 1987, 2000, and 2008. We are long overdue for a severe pullback, especially given the new all-time highs which are based on only speculation and hope. When the markets do inevitably fall back down, gold will once again prove to be the smartest asset class in which to have moved at least some of your retirement assets.

Request your free and no-obligation gold IRA rollover kit now by CLICKING HERE to learn everything you need in order to protect your assets by a partial allocation to physical gold. 

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Have you been learning how to make money online, but still couldn't make your first dollar online...

Or couldn't seems to have any 5 figures breakthrough?

Even after you've bought many courses over and over again... and spent hundreds or thousands of dollars?

The reason is simple - most of the gurus are hiding the secrets from you.

Gurus want you to keep you buying courses from them!

But here's the good news...

I have discovered a Super Affiliate who is willing to reveal how he has been making 10,000 or more online – consistently.

And he is offering free training.

You'll learn the 3 powerful strategies that he has been using to become a super affiliate secretly...

Unlike other Gurus you have seen, he is a real person and doesn't hide any secret in his teaching.

Learn about these secrets for free now:

Apply Now : http://cbpassiveincome50.com

Hope you like it.

Take care,

Travis

P.S. The truth is, it is not your fault at all if you're having trouble making money online...

You just need to learn from the right person...

Too many gurus and so called experts are everywhere,

you just don't know who is the right person to learn from.

You can definitely trust this person. He is the real deal.

I have checked him out thoroughly.

 ???

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From Paula - The Gurus are hiding their secrets from us.

Hi,

Have you been learning how to make money online, but still couldn't make your first dollar online...

Or couldn't seems to have any 5 figures breakthrough?

Even after you've bought many courses over and over again... and spent hundreds or thousands of dollars?

The reason is simple - most of the gurus are hiding the secrets from you.

Gurus want you to keep you buying courses from them!

But here's the good news...

I have discovered a Super Affiliate who is willing to reveal how he has been making 10,000 or more online – consistently.

And he is offering free training.

You'll learn the 3 powerful strategies that he has been using to become a super affiliate secretly...

Unlike other Gurus you have seen, he is a real person and doesn't hide any secret in his teaching.

Learn about these secrets for free now

Hope you like it.

Take care,

Paula

P.S. The truth is, it is not your fault at all if you're having trouble making money online...

You just need to learn from the right person...

Too many gurus and so called experts are everywhere, you just don't know who is the right person to learn from.

You can definitely trust this person. He is the real deal. I have checked him out thoroughly.

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Shelayne to talk to you about Jerry Iannucci’s  Mister Safelist.

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