Experts Warn Stocks at Dot-Com Bubble Levels, Recession Could Follow

US stocks are at their most expensive levels versus debt since the dot-com bubble, which was followed by a 50% crash in the S&P 500.

Equity risk premium is at near-record lows going back to 1927 - previous instances led to major market corrections.

The last time the stock/debt valuation gap was this wide was in Spring 2000, right before the multi-year dot-com bust.

The equity risk premium has plunged to its lowest levels in decades, signaling highly elevated stock valuations.

Several experts have warned stocks are overly expensive relative to bonds and a recession could hit within months.