According to CoinMeta, recent stock market indicators have issued warnings, showing signs not seen since the internet bubble. The current valuation of the S&P 500 index has reached the second-highest level in history, based on the famous P/E ratio (also known as the price-earnings ratio). This valuation indicator measures the price of the stock index relative to the average inflation-adjusted earnings over the past 10 years. Currently, the P/E ratio has far exceeded the levels during the 1929 crash and is only second to those of the internet bubble period. The P/E ratio peaked at around 44.19 in November 1999 and then dropped to 21 in January 2003. As the S&P 500 index set a new high this month, its dividend yield fell to a historic low of 1.04%. This yield measures the ratio of the total annual dividend income generated by the companies in the S&P 500 index to the market value of the index. The market may remain in a “overvalued” state for some time. While you are wondering if the market is overvalued and about to crash, you might miss out on more opportunities for growth. Keep investing and let the experts try to predict the market’s highs and lows.