This screams bubble to me. But do other bubble indicators scream bubble as well?
The Buffet Indicator, using the flow of funds definition of corporate equity, shows that the stock market is just below the dot.com bubble … and burst.
Shiller’s CAPE ratio (cyclically adjusted Price/Earnings ratio) is high by historical standards, but not even close to the dot.com bubble highs.
So, choose your poison. But all bubble indicators are at least whispering bubble, if not outright screaming it.
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