Stock Market Soaring Into Bubbly Territory

Today’s news:

S&P 500 soars above 3,000 for first time as Fed Chair Jerome Powell hints interest rate cut likely in July

So are stocks overvalued? Beats me. I’m not the oracle at Delphi, after all. But here’s an old-school way of looking at things:

The 10-year trailing PE ratio (aka Robert Shiller’s CAPE) is pretty high these days, though it’s fallen over the past few months. Be careful out there.


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That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

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