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If you are okay forecasting no recessions, no wars, no major inflation, and steady 2-3% GDP growth for the next 100 years, then perhaps the market is not overvalued at all. Maybe we've reached a permanently high plateau, lol ...

I suppose you're referring to this infamous quote:

"Stocks have reached what looks like a permanently high plateau."
-- Irving Fisher, Professor of Economics, Yale University , 1929.

Tom
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