We are now witnessing historic extremes in the discount afforded to value relative to growth, quality and safety. (global.beyondbullsandbears.com)
The Brexit vote sent investors scrambling to buy the security of government bonds — driving up their prices and depressing their yields when both were already near historic extremes. (fortune.com)
Those differences are informative, because they highlight points where market valuations — instead of normalizing — reached historic extremes at the end of the 10 - year projection horizon (1974, 1998 - 2000 and 2015, respectively). (hussman.net)