Subject: Re: 90/10 or 10/90?
A) market is drastically, just damn stupidly, overvalued...

That might be stating things a bit strongly.

As has been mentioned on the board, and is well known and indisputable, is that the broad US market has in recent years generally been drastically overvalued...compared to historical norms.

But the future is uncertain. It might get more expensive, or cheaper. Future "normal" may not resemble past "normal".
All we know for now is that the earnings yield is pretty low.

Jim