Tim Knight Just Showed 100 Years of Data. The Stock Market Has Never Been This Expensive

Most traders look at price. Tim Knight looks at price divided by something that actually matters. Over 100 years of data. Multiple normalization methods. Same conclusion every time: the stock market has never been this expensive. The S&P 500 divided by M2 money supply is now higher than even the peak of the internet bubble in 2000. The NASDAQ divided by M2 just blasted past its 2000 high thanks to AI and semiconductors. The Dow divided by silver tells the same story. The S&P divided by industrial production is at all-time highs. The Dow channel going back to the roaring twenties has been exceeded. Every single metric points in the same direction. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Looking at equities over a century of data 0:34 SPY from inception: the everything bubble channel 1:24 Dow 30 from 1900: above the channel from the roaring twenties 2:18 Semiconductor index: burst beyond its log-scale channel 3:02 Dow composite divided by silver 4:16 Dow 30 divided by silver: a decade more of history 5:07 S&P 500 divided by industrial production: never more expensive 6:24 S&P 500 divided by M2: exceeds the dot com peak 7:42 NASDAQ divided by M2: AI just pushed it to all time highs 8:33 The verdict: most expensive stock market ever on every metric #StockMarket #Valuation #TimKnight #tastylive #M2 #MarketBubble #EverythingBubble #100YearsOfData tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.