This is based on data through February, but still:

The Q-ratio measures the market value of all the companies that comprise the stock market vs. the intrinsic value of those companies.

It’s a market-wide valuation measure just like the CAPE ratio, which tracks P/Es.

While it’s clear from the Q-ratio that the market is extremely overvalued, that statement would’ve been true for most of the past 7-8 years.

It does not mean a meltdown is imminent.

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