Grossly overbought? Why do you say that? The average P/E is near the long-term average, although a few stocks are bringing it up.
this post was submitted on 14 Jun 2023
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SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.
SPY is still down since Jan 2022. It'll have to surpass that (and be rising quickly) before it feels too hot for me.