BofA Says 'It Better Be Different This Time,' as Stock Valuations Give Dotcom Bubble Vibes
1. S&P 500's price-to-book ratio hits 5.3, nearing dotcom bubble levels. 2. Analysts fear extreme valuations could indicate a market correction. 3. Expectations of Fed rate cuts are high, influencing investor sentiment. 4. Weak dollar may lead to shifts toward gold and crypto for hedging. 5. The Bull & Bear Indicator remains neutral, signaling uncertain market conditions.