wtf

what the f like this is just

disingenuous but this is the kind of

stuff that's just circulating on YouTube

right now and I feel like we have to

start addressing other content like this

head on and I want your opinion on this

so that's the question for this video is

should we be bear hunting and taking

apart posts like this I saw this post

that was circulating and basically what

somebody did is they took a chart of the

S P 500 they drew a little gradient

layer and they said as as long as the S

P 500 is way up here it's overvalued no

rational explanation at all as to why a

higher price means the S P 500 is

overvalued in fact misinterpreting

earnings of companies that they had been

mentioning but let's just focus on this

S P 500 chart

this simply lays a gradient of orange

over higher price levels which means if

we were to zoom in right before the

pandemic and in the prior 10 years

before the pandemic since the Great

Recession right here the stock market

would have been overvalued at basically

every single point of the last 10 years

according to their metric here's a stat

for you which obviously that would be

stupid if you had missed out the stock

market last 10 years well then you

really messed up but how about this how

about we look at real data like let's

inflation adjust the S P 500 let's

compare the November 2021 Peak to what

it actually looks like when we inflation

adjust it thanks to the inflation we've

seen because remember that inflation

drives higher earnings which then those

higher earnings even if they're from

inflation lower multiples and mean the S

P 500 could go higher so technically the

S P 500 should be substantially higher

thanks to the inflation that we've seen

from our November 2021 Peak and it

actually goes to show that we're still

trading at about a 20 discount from

where we are on the S P 500 in

inflation-adjusted terms now am I here

trying to chill the stock market to say

oh it needs to go to all-time new highs

no there's going to be volatility this

is why I've been talking about the Nike

Swoosh recovery that would be a volatile

Nike Swoosh recovery but let's make it

clear we don't want disingenuous

information circulating without at least

a counter argument and that's what I'm

proposing I'm proposing should I go

through these other videos and make

reactions more in-depth reactions to

them and break down hey look this is

where they have a point this is where

the market could collapse but this this

and this is disingenuous to the audience

watching videos like there's so many

other examples I don't really want to go

to them now I'll do it in a different

video but let me know because in my

opinion we should look at real data and

real earnings and not simply

disingenuously color code a chart say

see look the S P 500 is overvalued look

I have a chart and move on now that

might be what the popular sentiment is

maybe the popular sentiment is oh the S

P 500 is overvalued that's fine but

popular sentiment doesn't align with

facts let me know what you think now I

want you to know this when it comes to

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