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Headline : The stock market is entering Crazy Town as valuations reach generational high, Stifel says

Read more from the original article on here at finance.yahoo.com.





Tags : #stock #market #entering #crazy #town #valuations #reach #generational #high #stifel #says


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The stock market is "entering Crazy Town" as valuations creep toward generational highs, Stifel's chief equity strategist Barry Bannister said on Thursday.

His comments come a day after the stock market soared to record highs following Donald Trump's election win, with the Dow Jones surging more than 1,500 points and the Nasdaq gaining nearly 3%.

Bannister said current market valuations are pricing in an incredibly optimistic scenario that could lead to disappointment for investors.

Read more from the original article on here at finance.yahoo.com.


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