"We're 142% overvalued. It took the average of all this ratio and sat there and said, what does it look like? And the average, we're currently 142% above that. Let us look at that compared to history. Let's go to other big bubbles. We had 2000. Guys, here's the scary part. Our peak in 2000 was 47.18%."

… ndicator, but my version is based on the S&P 500 because the S&P 500 is a market cap index. So, as it goes if it goes up 10%, it means the market cap went up. So, it's easy to sit there and apply it to the GDP. Now, here we are. This is the price of the S&P right now. 7542.46, guys. This is GDP and this is the ratio. This goes back a 100red years. We're 142% overvalued. It took the average of all this ratio and sat there and said, what does it look like? And the average, we're currently 142% above that. Let us look at that compared to history. Let's go to other big bubbles. We had 2000. Guys, here's the scary part. Our peak in 2000 was 47.18%. Repi repeat overpriced by 47%. We're 140% overvalued right now. And look what the next 10 years did after this overvaluation -2.6%. That's not including dividends, but even with dividends, that is a negative return. Let's go to 1982, which was an undervalued market. We were undervalued by 67%. What's that equivalent to today? Well, that'd be the e …