I think stocks are way overvalued based on a couple of metrics:
—Historic price to earnings ratios are way too high
—Higher cost of capital (up 5% in last two years) not reflected in stock prices
The market does not agree—for now—but even the most minor future events could bring those fundamentals back into play.
Depends on the stock. There are stocks out there with PE <15, manageable debt load and tasty dividends. They aren’t in the sexy tech sector.