S&P 500 price-to-book surpasses dot-com bubble levels by 13 percent.

Pretending valuations don’t warn of risk is willful ignorance.

Ladies and gentlemens, we have now surpassed the S&P 500 price-to-book value of the dot-com bubble by a factor of 1.13 times or 13%.

This not good.
This very bad

God bless and godspeed. pic.twitter.com/PnZugz0tgh

— The Great Martis (@great_martis) January 12, 2026

The percentage of S&P 500 members trading at high valuations (based on price-to-sales) is at an extreme.
h/t @thedailyshot pic.twitter.com/EBKjBvweNK

— Lance Roberts (@LanceRoberts) January 13, 2026

THE STOCK MARKET CRASH IS SET UP PERFECTLY!

1. Consumers are still spending money they don't have.
– Consumer spending makes up 70% of GDP
– But personal savings are near record lows and
– Credit card balances are at record highs
– This is not sustainable and when consumers… pic.twitter.com/CI8ZCbpyFY

— Common Sense Investor (CSI) (@commonsenseplay) January 6, 2026