Sjuggerud: ‘We aren’t even close to a top in stock prices’

From Dr. Steve Sjuggerud, Editor, True Wealth:

My friend, you’re focusing on the wrong things…

Yes, I know that stocks have mostly gone up since 2009. That’s seven years. That makes this bull market old. But stock market booms don’t die of old age.

And yes, I know, stocks are getting “up there” in valuation. But high valuations by themselves don’t kill stock market booms.

There’s only one thing that kills a stock market boom…

I’m talking about extreme optimism.

Why does this kill a boom?

It’s simple. When everyone who wants to buy has already bought, then nobody is left to buy. (Alan Greenspan famously called this “irrational exuberance.”)

So I ask you… have we reached a point of extreme optimism?

What does this point of “extreme optimism” look like?

To me, it looks like the U.S. real estate market in 2006.

You remember… People thought that house prices…

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