> investment and speculative assets have increased wildly in value I would say that is only true for real estate and government bonds[1]. Most other asset cl

> investment and speculative assets have increased wildly in value I would say that is only true for real estate and government bonds[1]. Most other asset classes are only only slightly overvalued. For example, on a PE basis, the SP500 is only slightly rich. I am not commenting on pre-IPO start-ups because I cannot make heads or tails of them and saying they are rich feels knee-jerk to me even though most of them to me seem like pie in the sky valuations. [1] non-government bonds have been under pressure since Q4 of last year and many of them are at attractive yield spreads (certainly when you consider defaults in the US are largely negligible outside of out and gas)