XJO - Bear Posts only (Factors which might cause the markets to fall), page-14647

"Its a seasonal high with Mag7 on 38 p/e"

. . . and that's the forward PE based on the hype and BS they tell the market.

The Mag-7 PE based on known current earnings is 46 - which is at least triple what it should be for dividend paying stocks. The S&P500 current PE is 27 and the S&P500 Shiller PE is 33.34 (13 Feb). The log chart below shows just how overvalued the market is. Never has the S&P500 been so far above the regression line (142% above regression) - biggest bubble in history - and happening when companies have higher costs due to higher wages, higher interest and inflation.