Schiller's PE is 42, only two points away from the 1999 bubble peak.

ME News Report, May 15 (UTC+8), the valuation of the U.S. stock market is approaching the levels seen during the Internet bubble period, with the Shiller CAPE (Cyclically Adjusted Price-to-Earnings Ratio) rising to 42.18, only below the 44.19 peak during the 1999 bubble. Historical data shows that after the 1999 peak, the S&P 500 index subsequently declined by approximately 50%. Market analysis suggests that amid the AI boom driving continuous gains in tech stocks, valuation risks in the U.S. stock market are re-accumulating. (Source: PANews)