I have written earlier about the money printing impact to the equity market by looking at price/earning (PE) ratio and the dividend yield of major US equity markets. The long story short is that the ratios continue on the rise. In a bubble market there are two kinds of people who eventually lose money: those who do not see the bubble and go on blindly investing, and those who after investing think the bubble will pop when some metric is breach. The reality is, to paraphrase what John Maynard Keynes once said, the market can remain irrational longer than you can remain solvent. Bubble can and will do things unimaginable.
Here is the latest table:
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