Not only that. The stockmarket is way overvalued already and reminds me on days in 99/00. And then the fed who is pumping 50-100 billions daily. This will inflate the dollar. I don't know when it's happening, but it is a question of time, when the financial system will collapse. That's why I am mainly in cash and only hold and accumulate only cryptos and metals and the "good" currencies (cash) right now.
The stock market is going to boom for at least 2 more years. Possibly 4-16 years more depending on how the count develops. That is what the waves tell me.
It is not overvalued as long as retail investors are not buying the highs. Retail is very fearful atm, hoarding cash.
The real problem with this is that you cannot plan to invest in stocks for the longterm anymore. If you, do you will very likely be crushed.