The big news of the week, of course, happened a few hours ago when LeBron James announced that he was taking his talents back to Cleveland. Now that the most important event in sports has been decided, we can examine the financial markets, which are not as clearly defined as the future of the King of Basketball.
This was a week when the high valuation of virtually everything has been examined and analyzed. In his 7/7 article in The New York Times, Neil Irwin writes Welcome to the Everything Boom, or Maybe the Everything Bubble. Nearly every market and every asset class is highly valued according to historical standards.
What does that mean for an investor today?