I don't trade on this. But i am starting to see some contrarian signs, which are typical of intermediate term tops. We are slowly getting there. I think one more sharp rally is needed to flush out the stubborn bears.
https://finance.yaho...-200519075.html
Nobel Prize-winning economist Robert Shiller believes investors should continue to own stocks because the bull market may continue for years.
Shiller developed the "cyclically adjusted price-to-earnings ratio" (CAPE) market valuation measure, which is calculated using price divided by the index's average historical 10-year earnings, adjusted for inflation. The economist's research found future 10-year stock market returns were negatively correlated to high CAPE ratio readings on a relative basis.
However, even though the current CAPE ratio is at 29, which is above the 17 historical average, the economist is not calling for a market decline.
"I can see it as a real possibility that stocks prices and house prices would both keep going up for years, but I'm not forecasting that by any means," he added.