when you look across equities as an asset class in whole, it's clear that the valuation is way above it's intrinsic value. i mean s&p500 has 1.3% dividend, mea

when you look across equities as an asset class in whole, it's clear that the valuation is way above it's intrinsic value. i mean s&p500 has 1.3% dividend, meaning it'll pay back your money in 70 year or so. at this point its just cash looking for a place to go and it has to go somewhere.