CAPE is at 42.4. The 1999 peak was 44.2

Saw this chart and the number surprised me. CAPE is at 42.4. Peak in Dec 1999 was 44.2. Not saying that means a crash. CAPE has been pretty awful for calling tops and people have been saying stocks are too expensive for years. Still, 42 is 42. I know the arguments. Margins are higher now, the index looks very different, mega caps actually make a ton of money. So maybe comparing this directly to 1999 isn’t that useful. But it’s also basically the all-time high. Does anyone here actually use CAPE

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