Using CAPE ratio as a bullish indicator at 33-34 times because early 2000s peak was 40 times represents poor risk management; accepting 70% of 2000 peak valuation risk for minor upside is unjustifiable compared to rotating into undervalued alternatives.

normativepending

Speaker

Tavi Costa

Evidence Quote

“you're going to take the risk from 33, 34 to 40 versus just stepping back and saying, well, look, there's too much risk here”

Source

Gold to $20K? Tavi Costa on the Great Rotation That Will Reshape Markets— Wealthion
Created: 8/12/2026, 10:26:29 PM

My Notes

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