When they do this, they select a few parameters and ignore all the others.
I understand that the left is desperate for a market crash under Trump, and that they have to change their underwear often when looking at the market reports.
Some of this is wishful thinking, some is hoping to be a self-fulfilling prophecy.
Mostly just incompetent babblings of someone who believes he is an expert.
Also, they have to cover up the deals Trump just brought back from the Orient.
“When they do this, they select a few parameters and ignore all the others.”
Definitely the case with this guy. First he asserts that it feels like 1929. Then he tries to make his case by comparing the CAPE of now vs 1929. Then he switches to margin, but he stops comparing it to 1929 (since it would not help his case) and instead compares it recent crashes. And even those comparisons are deceptive. He switches from ratios (PE) to absolute values (margin). If he had used margin to market value ratio, he would have seen that that number isn’t that out of wack today.
In summary, not a very convincing case.