While this is almost certainly true relative to the (as yet unknown) true value of most corporations, that doesn't change the fact that most people now living w

While this is almost certainly true relative to the (as yet unknown) true value of most corporations, that doesn't change the fact that most people now living will never again see 3% dollar interest rates. So while the dividends you get from investing in any of these things are not worth the capital, you'll probably be dead before the principal is lost, and in the meantime you'll have gotten more than you could have by owning Treasuries. Overvalued? Yeah, for sure. Only game in town, too, until the revolution.