[Shiller PE at 39.4](https://i.imgur.com/bmroL3M.png), surpassed only by the peak of the 2000 tech bubble.
Back then, it took [15 years for real-dollar market prices to recover](https://i.imgur.com/2M1waVh.png).
How about the [market cap to GDP ratio](https://i.imgur.com/bxlXkEq.png)? Way above year 2000 level.
But perhaps this is all because the SP500 is more international ... yet [SP500 revenue share from abroad has been between 35% and 42% (+/- 3%) since these data start in 2002](https://i.imgur.com/t9QhrfD.png).
Anyway, I'm hedged out of the market.
I'm sure this time it's different.
