Generational Dynamics Forum - New Site

The stock market is very expensive with price/sales 1.52 and CAPE P/E 24.5 yet people on CNBC claim stocks are cheap! How can the stock market be cheap when valuations are this high? My bubble valuation level is the price where it takes 10 years or more for revenue to catch up with stock prices with no change in stock prices and is near price/sales 1.7. The latest 12 month trailing revenue for the S&P 500 is 1092 and price is 1658 and price/revenue 1.52. If revenues grow an average of 5.2% per year it would take more than eight years for revenues to catch up with stock prices with no change in stock prices at 1658. That is near but not quite bubble levels which begin at 1856 which is only about 12 percent above 1658. The stock market has valuations already like those in 1929 but not quite peak 1929 valuation. The seller has huge advantage over the buyer at th