Both Stocks And Bonds Are More Expensive Than They Have Been For 90% Of Market History - Alternative Investment Guru Cliff Asness

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May 09, 2015

Six years into a roaring bull market. Are you worried about stock market levels?

Perhaps you should be.

Bond yields are at all time lows. Some Government bonds have negative real yields.

Are you worried about bond prices?

You definitely should be.

According to AQR Capital's Cliff Asness both stocks and bonds are more expensive today that they have been for 90% of their history. He discusses the issue and what to do: