Is the Market Undervalued?

When smart people who have the largest amount of capital in the markets are clearing positionsa maybe that's a signal of a top. And then, i think it's a rally good inside by frieburg when the conversation in the narrative is about the valuation and the status and vanity metrics to the quality of the earnings. Maybe shusts, or clearing positions. What are indications for you that we're eithere in a bubble, or the market is undervalued? Course, we're really talking about this timing right. Timing is very important. Its acaunt o ible. This is why i think that you have to define what game you want to play before you start playing