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The S&P 500 stands at the most extreme level of valuations in history
- paulpauper 1y agoPeople said this 2-5 years ago too. it's such a useless metric. Overvalued markets can become even more overvalued. At some point, you may never get a chance to buy if you sit it out.
- jfengel 1y agoFor their custom definition of "valuation". They do make a good case why a lot of traditional metrics aren't giving the full picture. They think earnings are exaggerated, and I tend to agree.