The stock market is entering 'Crazy Town' as valuations reach generational high, Stifel says
iStock; Rebecca Zisser/BI
- Stock market valuations are near generational highs, Stifel's Barry Bannister says.
- Bannister predicts the S&P 500 could rise to the low-6,000s before plummeting back down.
- He said the market is a "mania" with valuations near 80-year highs.
The stock market is "entering Crazy Town" as valuations creep toward generational highs, Stifel's chief equity strategist Barry Bannister said on Thursday.
His comments come a day after...
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