Stocks are Now in 'Complete Bitcoin Territory,' Asset Manager Says

Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to celebrate the enduring bull run

Fragile markets are "on the edge of chaos," according to one asset management firm, which has compared what it deems an overvalued stock market to cryptocurrency bubbles.

"Stocks are in complete bitcoin territory," Francesco Filia, chief executive at asset management firm Fasanara Capital told CNBC Wednesday. The impending tipping point for markets, per Fasanara's analysis, is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in flows from central banks.

"Valuations on stocks sometimes feel like bitcoin because in a way it is totally disconnected from fundamentals," Filia explained. "It's purely based on sentiment and flows from central banks and the private passive investment community."

Read the full article on CNBC.com

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Gold Prices (LBMA AM)

19 Nov: USD 1,223.55, GBP 951.07 & EUR 1,070.97 per ounce16 Nov: USD 1,215.80, GBP 948.93 & EUR 1,073.07 per ounce15 Nov: USD 1,210.60, GBP 948.26 & EUR 1,072.71 per ounce14 Nov: USD 1,201.45, GBP 927.04 & EUR 1,066.05 per ounce13 Nov: USD 1,197.55, GBP 928.70 & EUR 1,066.18 per ounce12 Nov: USD 1,207.05, GBP 940.05 & EUR 1,072.34 per ounce09 Nov: USD 1,219.05, GBP 936.96 & EUR 1,075.81 per ounce

Silver Prices (LBMA)

19 Nov: USD 14.36, GBP 11.21 & EUR 12.57 per ounce16 Nov: USD 14.29, GBP 11.15 & EUR 12.61 per ounce15 Nov: USD 14.13, GBP 11.02 & EUR 12.49 per ounce14 Nov: USD 13.97, GBP 10.80 & EUR 12.39 per ounce13 Nov: USD 14.02, GBP 10.85 & EUR 12.46 per ounce12 Nov: USD 14.16, GBP 11.00 & EUR 12.57 per ounce09 Nov: USD 14.34, GBP 11.01 & EUR 12.63 per ounce