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Why did the US stock market crash on Monday?
Why did the US stock market crash on Monday?
.Crashes this big tend to happen when the market is massively overvalued.... In particular, the ratio of stock prices to corporate earnings is almost higher than it has ever been.
And the market remains seriously overvalued: even if shares fell by 50 percent from today’s level, they’d still be twice as expensive as they have been, on average, for the last 140 years.