The late, great rocker Tom Petty said it best: “you take it on faith, you take it to the heart, the waiting is the hardest part.” What are many investors waiting for these days? An opportunity to buy not just a dip, but a BIG dip. A dip that is more than just another knee-jerk reaction. More News from Barchart It hasn’t happened yet, and it might not happen anytime soon. But like the laws of gravity, the market is ultimately cyclical. And that means that all good bubbles must pop. Investors are looking ...

A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York.ANGELA WEISS/AFP via Getty Images AI optimism is driving the S&P 500 price-to-book ratio to records, surpassing dot-com levels. High valuations reflect expectations for AI-driven earnings. While the ratio's level is head-turning, it doesn't necessitate that stocks are in a bubble. Stock-market bulls convinced of the power of AI to transform the economy often shrug off comparisons to the ...