Shiller's PE Ratio >33.71
Something to keep in mind is the notion of overvalued assets bubble. Shiller's PE ratio (also known as Cyclically Adjusted Price to Equity Ratio - aka CAPE). This ratio is used to determine if stock are undervalued or overvalued. Currently, it is not as high as Pre-2008 financial crisis, but it is the same level as Black Tuesday.
One speculation that drives this are the following companies (P/E Ratio):
- FCAU (37091.15)
- TSLA (1279.88)
- Eye (1148.18)
- USEG (795.68)
But the crazy thing is that the companies above have a PE ratio because they are profitable companies, those that did not have earnings (which are many - e.g. Moderna, Gevo Inc, Kinder Morgan, etc) will not have a P/E ratio, due to their lack of earnings, but their stocks have an upward pressure