"The US public stock market is also at the highest valuation, by any measure you can come up with, since 1929." How are you defining valuation? And highest va

"The US public stock market is also at the highest valuation, by any measure you can come up with, since 1929." How are you defining valuation? And highest valuation relative to what (other markets, itself...some other benchmark)? This is definitely not a true statement.