US equities are increasing their most expensive levels associated with government bonds in a generation, growing nervously among some investors in Provcas Company and other Megacap technology.

A record-breaking run of US equities, which hit with a fresh high On Wednesday, pushing so-called earlier claims – Expected profit as a percentage of stock prices – in S & P 500 index, according to Bloomberg data. A sales of treasure treasuries sentenced to 10-year bond bonds up to 4.65 percent.

Kana nagpasabut nga ang kalainan tali sa duha, usa ka sukod sa gitawag nga equity risgo sa risgo, o ang dugang nga bayad sa usa ka mamumuhunan alang sa peligro sa pagpanag-iya sa mga stock, nahulog sa usa ka negatibo nga teritoryo, nga naabut In a negative territory, reached into a negative territory, reaching a level of ownership in 2002 during the Dotcom boom and bust.

“Investors are effectively saying ‘I want to own these tech companies and I’m ready to do this without a risky asset manager’s asset allocation.” I think that’s a crazy character. “

The analysts say theTeep Equity Equity Equity, marked “Mother of all bubbles“, Is the result of funding managers for exposure to crocodile economic and corporate development of a definite investors they do not reduce beautiful stocks outside their portfolios.

“The questions we have taken from clients, on one side, concerned about market concentration and how tall the whole market,” Sker said. “But, on the other hand, do people ask ‘do we just own the leading companies because they are in charge of the world?'”

Traditional established equity risk risk is known as “Fed Model”, because Alan Greenspan appeared at the time he drove the Federal Reserve.

However the model has its detractors. A 2003 paper through the Cliff Cliff Fund AQR, criticizing the use of Treasury Vices as a “nominal prepenmark of the revery franchmark and an equity risk tool for returning in stock.

Some analysts currently use an equity risk premium that compares stocks ‘earnings’ which earn inflation yields in inflation. In this reading, the equity risk is also premium “at the lowest level from the DotCom Era”, Miroslav Aradski, Senior Analyst in BCA research, though it is not negative.

Premium may not understand how expensive stocks, Aradski added, because it is clearly thinking that income earnings are a good proxy for future total returns from are fairies.

Given that the margins of profits are above their historical means, if they are “returned to their historical criteria, income growth can be concluded”, he said.

Some market keepers look at different steps. Aswath Damodaran, Professor of Finance of the Stern School of Councily at New York University, strongly critical of the risk of equity risks to prompt cash flows and cash payout ratios.

By his calculations, equity risk premiums reduced in the past 12 months and near lower level in the past 20 years, but never negative “.

Appreciation of equitiities for bonds is just a measure of magnification quoted by managers. Others include appreciating stocks of pricing stock-to-conveys against their own history or compared to stock in other regions.

“There are some red flags here that you need to make us somewhat cautious,” said Chris Jeffery, Macro leader in the Division Division of the War. “The most uncomfortable one is the difference between the way US equities and unequal equities appreciated.”

Many investors argue that long reminders are justified and can be maintained. “Undeniably (US-priced price stocks) Historically are high, but it is not higher,” as the underlying condition of Goldman Sachs Strategist Ben Snider.

Goldman’s own model, suggesting what Ped OL Blue-chip ratio to the chip, work health and other reasons for our fair value “, Snider said.

“The good news is that earnings are growing and, even with unchanging valuations, income growth should drive equity prices higher,” he added.

US stocks now recover all lands lost in a fall since December. That sale promotes concerns to investors with a level of treasury harvesting that the stock market rally cannot survive, because a traditional asset – appears to be attractive.

Presidential investment officer says in Pimco This week that relative valuations between bonds and equities “are as widowed as we have seen in a long time”, and the same policies that can be threatened to hit in stock.

For others, withdrawal risk of US risk is just a reflection of investors who ran a lot of tech stocks and the risk of a small portfolios names.

“Although the momentum is strong in the mag 7, this is the year where you want to vary with your equity exposure,” Andrew peases in Russell Investments.