Black Swan author Taleb: Stock market ‘way too overvalued’ relative to current interest rates

MarketWatch/William Watts/1-31-2023

“[I]t’s difficult to justify current levels for stocks ‘unless you miraculously bring back interest rates to [1%], which they won’t be able to,’ he said. ‘Why should you put your money in the stock that gives you 2% dividend yield, if you’re lucky, when you can get 4.75% from the bank while playing golf?’ Taleb asked.”

USAGOLD note: Some straightforward logic from Mr. Taleb……