[Choose Ye This Day]

You do realize that every previous “all-time high” has since been superseded?

P/E ratios are getting a bit pricey—around 16-18, depending on which index you’re looking at. That’s a bit higher than the historical average, but it’s nowhere near 40 or 400, as we’ve seen in previous bubbles.

I doubt I would get all in now if I were in cash, but I don’t think it’s time to head for the hills, either.

[Choose Ye This Day]

Small Caps are overpriced. The P/E of the Russell 2000 is around 36.

[grobdriver]

You do realize that every previous “all-time high” has since been superseded?

Well yes, I would expect that in a normal world.
But in this economic climate? With this administration?
People I talk to can't explain why we're doing even this well right now, much less marching to new highs.