{
  "id": 15847803,
  "title": "We Are Witnessing the Stock Market Do Something for Only the 2nd Time in 155 Years, and History Is Clear About What Comes Next",
  "url": "https://urgent.news/2026/10/21/we-are-witnessing-the-stock-market-do-something-for-only-the-2nd-time",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T05:00:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/21/we-are-witnessing-the-stock-market-do-something-fo/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Investors are experiencing a market shift reminiscent of the dot-com bubble from 155 years ago. The S&P 500 is up 12% this year, but it's faced a 2% decline due to inflation and rising bond yields. The tech-heavy Nasdaq Composite has dropped over 4%. High-growth tech stocks are particularly vulnerable, and the Shiller CAPE ratio, a measure of stock valuation, has been above 40 for months, similar to the dot-com bubble peak. Historically, the CAPE average is around 17.4, and its all-time high was 44.2 in 1999, followed by a market decline. Today's CAPE is nearly double its long-term average, and the stock market's value compared to GDP stands at 244%, indicating overvaluation. While some argue that today's market is driven by earnings, caution is advised. The past suggests a possible underperformance of stocks over the next decade, but historically, the stock market remains the best wealth-generating tool. Patience and a level head are key for long-term investors.",
  "summary": "A widely followed valuation gauge is flashing a warning. Another, made famous by Warren Buffett, is too. Here's what they tell investors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}