Its Over, page-22453

SPX is through the 20x P/E blue angel (and then some)
If it traded at the 2011 P/E low, SPX would be 2600

https://x.com/MikeZaccardi/status/1804887876569559359

...it does not matter if the US market does not crash

...it is overvalued and overdue for a correction, which means limited upside, at least in the short term

...while the US market is 3 std deviation over in its outperformance relative to MSCI indices.

...we don't get the same love in ASX, so what difference does it make if goes higher? While at the same time, many favourite ASX sectors are doing it tough, undergoing mean reversion.

...but if and when it (US) crashes, it matters to every market across the world.

...yeah, it sucks but that's life.

No Denial, No Procrastination.