An interesting chart is presented in the post which I have included below. Not since 2000 have we seen households and nonprofit organizations hold such a large percentage of their total financial assets in equities. We have to understand that as stocks go up this will increase the overall percentage however at the current levels of 35%, I do not feel this is a good thing.
Yes we are not at the peak experienced in 2000 so we might have further to go. The issue is, we have never been able to wind down these levels without a market crash…
