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You may be interested to know that the stock market is more overvalued than in 2008 (CAPE), and home prices are also higher than then (Case-Shiller).

There is some exuberance in the corporate credit. How does Uber survive for so long, selling dollar bills for 70c.

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What about when you normalize for the current low interest rate environment?

That is a good question that I don't know the answer to. Warren Buffet says that according to him "if interest rates will stay this low then stocks are dirt cheap".

But, Europe and Japan also have zero interest rates, and you don't see such high CAPE valuations there.

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