I'd agree that the decline in interest rates (and the asset inflation it fueled) has a limit. However, the actual earnings of publicly traded companies[1] is also increasing! So the predicted bottom off a stable p/e keeps going up.
To be honest, the belief that the market is overvalued is a big part of my motivation for buying individual stocks despite the overwhelming evidence that it's a fool's errand.
To be honest, the belief that the market is overvalued is a big part of my motivation for buying individual stocks despite the overwhelming evidence that it's a fool's errand.
[1] Using the S&P 500 as a proxy. There's non-linkable buttons to see the last 10, 20, 30 years https://www.macrotrends.net/1324/s-p-500-earnings-history