Stocks are in a 'rare state' — here's what happens when they get as expensive as they are right now

pulse

March 10, 2017 6:53 PM

Santoli: "Stocks in a rare state, crossing above 20x P/E w/ 20% gain over the past year"

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Last month, the Dow Jones Industrial Average, S&P 500, and the Nasdaq recorded "the longest triple winning streak in 25 years

More recently, Jeff Saut of Raymond James showed corporate insiders sold s$7.8 billion worth of stocks (the most in 6 years), yet.

Then there is a range of market indicators, like the VIX and the flattening yield curve, that suggest complacency is high and the current bull market is unlikely to last very long.

All of this data, of course, comes with the warning of an impending doom.

Yet the latest snippet about the current rally is not as bearish as the rest. This one comes from

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