The Stock Market Has Crossed This Dubious Threshold 6 Times in 155 Years -- and History Couldn't Be Clearer What Comes Next

The S&P 500’s Shiller CAPE has surged past the 30‑times earnings threshold for the sixth time in 155 years, climbing to 39‑41—its second‑highest level ever—mirroring the dot‑com bubble and signaling that the current rally may be dangerously overvalued.