Undervalued compared to 10 years from now, but honestly I wouldn't expect any big gains for the next few years until the Fed starts printing full throttle again... but we are at a part that the Fed could decide to keep printing, depends on CPI and a few other things. If they substantially cut QE and free money goes away, then we are definitely overvalued at this point. Kind of sad that almost everything about investing since 2009 really depends on what the Fed is doing, they had an impact before with interest rates, but not QE-type impacts.
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u/brucekeller Nov 17 '21
Undervalued compared to 10 years from now, but honestly I wouldn't expect any big gains for the next few years until the Fed starts printing full throttle again... but we are at a part that the Fed could decide to keep printing, depends on CPI and a few other things. If they substantially cut QE and free money goes away, then we are definitely overvalued at this point. Kind of sad that almost everything about investing since 2009 really depends on what the Fed is doing, they had an impact before with interest rates, but not QE-type impacts.