All it needs two or three more days to reach peak S&P 2800. Today, I came out of market expecting a slide next week. This is speculative move and it can completely go wrong. This is fine for my investments and it is my own individual decision.
Incidentally, I am also seeing this post.
The CAPE aims to correct for those distortions. It smooths the denominator by using not current profits, but a ten-year average, of S&P 500 earnings-per-share, adjusted for inflation. Today, the CAPE for the 500 reads 29.7. It’s only been that high in two previous periods: Before the crash of 1929, and during the tech bubble from 1998 to 2001, suggesting that when stocks are this expensive, a downturn may be at hand.