Is the American stock market overvalued or fairly priced? Signe and Michelle discuss two indicators to give investors a high level idea of where the market stands right now. One is the Buffett Indicator which is the Wilshire 5000 (total United States stock market) over US GDP ratio. Another is the Shiller PE which is the Price to Earnings ratio based on the average inflation-adjusted earnings of the previous 10 years, AKA Cyclically Adjusted PE Ratio (CAPE). Please note at the time we recorded this podcast episode, the stock of Zoom was trading at a 3000+ PE ratio and most recently posted a PE of around 156.