Stock market indices were ‘extremely overvalued’ on standard metrics

The Australian’s Washington Correspondent Adam Creighton says some of the air that has come out of the stock market indices in the United States and United Kingdom is “probably not a bad thing”.

“They were extremely overvalued on standard metrics,” Mr Creighton told Sky News host Ross Greenwood.

“The main index in the US has fallen almost 20 per cent … not quite a bare market but it’s still much more expensive than it was in say February 2020.”

[jennyohara]

Housing market is doomed, that CEO of Metricon didn't jump off a 45 storey building for nothing

[enfredlindstrom]

yea a house that cost 24000 dollars ten years ago isnt worth today thats just stupid the market is going to get so bad u watch that house will go for 3000 tomorrow.

[mathisnotforthefaintofheart]

I do not understand why people are writing down "I earned so much in so many day from so little investment" without explaining WHAT they have done. Why do we care how much you earned from your investment. Either share it with the community to make it look "believable" and we can learn a lesson from it, or just keep it to yourself.

[chairmandan]

Stocks go up and down. Stocks will go up, mark my words. If you bought a house heavily mortgaged over the past years not looking at history you deserve everything. It's coming!!!

[thafish]

For the "free world" remeber

[rewildingthewomen]

US market (and world) is about to pop. Only a matter of weeks!

[jennyohara]

China is going ok...worry about your self

[adrianjohn.]

jyst wasting all
the power again?
😒

[HelloWorld-nsgt]

Football meat pies kangaroos and bla bla blaz.

[seagullclub]

A better world is coming! 😀😀 Jehovah God's Kingdom ruled by Christ Jesus will solve all global crisis and save the planet from ruination! Rev 21:3, 4 Psalm 37:29

[dimitzvonmelbourne]

Clever journalist, very knowledgeable and objective. Recommend his column in The Australian.

[tagiscom]

Yeah, about the same as the end is nigh crap, with record cold this week in Vic/Au, and snow. Or the more people cry about recession and a central bank the more money l make!

[minimumtrade]

I see Adam has packed on the pounds now hes living in 'Merica