..today's highly charged exuberance could be mortgaging future...

..today's highly charged exuberance could be mortgaging future market returns....Buy and Hodlers not enjoying the gains today may well face a suboptimal market returns ahead. The party typically ends after an extended run, though it can remain overextended for a little while yet.

S&P 500 forward P/E ratios and subsequent 10-year returns
https://x.com/MikeZaccardi/status/1873096140364890515

..isn't now rather reminiscent of the 2000 dot.com period?

Large Cap US stocks are now trading at 28x earnings vs. 18x for Small Caps. This is the widest valuation gap since 2000.
https://x.com/charliebilello/status/1873048767508955630