[stock-ticker]

S&P500 More Overbought Than 2008, On Par With DotCom

Glancing at the chart book this morning, I stumbled across a monthly S&P500 RSI (14) registering at obscene levels of 84.093. This level has surpassed 2008 and has certainly┬áneared an extreme of the DotCom bubble. All the while, prices are considered “justified.”