[WalterBright]

> irrationally high for those assets

Are you shorting those assets?

Edit: is this not a fair question? Putting one's own money on the line is a reasonable test of what one's convictions are. For example, I'm optimistic about the market, and have put my money where my mouth is. Of course, that doesn't mean I'm right, but I have a level of confidence that I am.

[clairity]

that's mostly a gamble about timing, not the validity of the p/e ratio--that you can both get into and get out of a short position with sufficiently precise timing.

so no.

[leetcrew]

I think your question is riding the edge of what might be considered too confrontational on HN.

the overall sentiment is reasonable, of course. you shouldn't listen to people who say the sky is about to fall while they continue buying $SPY every other friday.