What Would Alan Greenspan Say About This Stock Market?

Multiple valuation metrics suggest the current stock market is significantly overvalued, with the Buffett indicator at 238 and the Shiller CAPE ratio at 42.15—near dot-com bubble levels. However, bubbles can persist for years before corrections occur. Investors should consider adding defensive stocks from sectors like energy, consumer staples, and utilities, which historically outperform during market crashes.