How stretched could valuations get for the SP 500? The long-term #PE ratio top appears to be around 38.5x (we are currently at 34x). In other words, we still have to some room for multiple expansion to completely extinguish the #bears.
https://x.com/LanceRoberts/status/1810668855687258309
A Point away from most overvalued market in history.
https://x.com/great_martis/status/1810888324082716725
