I'd have to agree. All stocks look highly overvalued on almost every measure. Much of the current valuations are based on indicators that are pretty much known to be cooked at this point, like GDP. Then you've got the non-stop equity purchases from every CB, "the PPT" or working group, etc. There's no interest to be had anywhere else, so all the money is practically forced into stocks. You can't get a CD with interest above the inflation rate. I don't like the look of almost any asset. Bonds are nuts too, with countries starting to sell 100 year issues.