US stock market more overvalued than at any time since dotcom bubble
S&P 500, Cyclically Adjusted P/E Ratio (CAPE)
1900
1905
1910
1915
1920
1925
1930
1935
1940
1945
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
2015
2020
0
2
4
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
36
38
40
42
44
United States, Equity Indices, S&P, 500, Index (Shiller), Cyclically Adjusted P/E Ratio (CAPE)
Wall Street crash
Dotcom bubble
Global financial crisis
33.74