SP500 is historically high versus gold. Gold is historically high versus silver. Silver is high historically versus platinum.
Considering that platinum used to trade at twice the price of gold, then you could conclude that the SP500 is stratospheric.
However, trying to convince people to sell their precious SP500 stocks, i.e. Apple and the rest of the overweight tech stocks, would be like trying to convince them that they don't need their phone anymore, and that they should go back down town to the bricks and mortar store with cash in hand.
Absolutely no chance, as far as I can see. People have got themselves in so deep now, there is no way without a lot of pain.
