NYSE Price Charts Annotated/Analyzed; Paid Subcribers Only

Analysis and commentary

Photo by Sash Sriganesh on Unsplash

You know that the stock market is overvalued — very overvalued — by examining the price-earnings ratio. It’s only been higher than this once, during the dot.com madness of late 1999 and early 2000.

This time the madness is pushed by Silicon Valley AI hype artists who have been very good at their job. It’s been some of …