Well, sure, but it's been heavily overvalued territory for a couple years now. I'm not sure the quote about 200% is really relevant anymore, as (as far as I understand it) the "reasonable" bounds in terms of percentage are thought to increase over time, owing to increasing global trade (which of course might now be decreasing).
janalsncm•44m ago
Right, knowing something is overvalued or undervalued doesn’t tell you much about how to use that information. You have to be right at the right time. Right and lucky.
OccamsMirror•29m ago
This says more about the value of the dollar than it says about the stock market. Of course assets are going to be overheated, no one wants to sit on cash.
manoDev•27m ago
Isn’t this a matter of the dollar losing value, and the market is already pricing you’ll need more dollars to buy the same assets?
kristianp•1h ago