It's been a long time since we last looked at the overvalued indexes. Let's take our first look in 2023.
Warren Buffett Index: 172.6
An index that is above 120 is an overvaluation and an index that is below 80 is an undervaluation. Therefore, anything between 80 to 120 is neutral (normal).
Shiller PER: 31.01x
The 2 indicators are showing that the US stock market is overvalued by a wide margin.
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