Equity Markets Break Below Key Support as Downside Price Targets Continue to Get Hit

Equity markets are incredibly overvalued. Gold & silver are soaring, and rates are NOT going down any time soon.

This is one of the most OVERVALUED markets IN HISTORY

*The S&P is expensive 19 out of 20 metrics, according to BofA Analysis.

*Some metrics, such as the Buffet Indicator (Market Cap to GDP ratio), are over 100% ABOVE historical average.

What does this mean for short term markets like the $IWM, $DIA, $VIX and $QQQ? Check out AJ’s Weekly Market Report;