Subject: Re: OT = large cap valuations
I don't have an opinion on that, but

FWIW, I just read an article that proposed that a lot of money moved from stocks to fixed income when you could get a solid risk-free 5%+ yield, thereby making stocks fall.

And that now that rates are dropping below 5%, with more rate cuts coming from the FED soon, that the money that fled to fixed income will start flowing back into the stock market.

Remember, the saying that "The market can stay irrational longer than you can stay solvent" cuts both ways.