Prices were held within a channel for 10 years, after blowing off over its upper boundary. In fact the chart is fairly self explanatory. At record valuations, price to GDP, price to sales, CAPE, Crestmont P/E, price to replacement cost - pick your poison - reasonably, what can you expect???
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.