Happy Doing What They’re Doing? S&P 500 Forward PE Ratio At Dot.com Highs (Shiller CAPE High, But Lower Than Dot.com Highs)

Is The Federal Reserve happy doing what they’re doing?

Between Covid-19 and The Fed’s hyper-liquidity, we are getting a bubble in the S&P 500.

The Case Cyclically-adjusted P/E ratio is relatively high, but not as high as it was during the dot.com bubble.

So, who is to blame for the multiple asset bubbles?

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