The phrase "rich valuations" refers to when the prices of stocks, real estate, or other assets are considered expensive or overpriced compared to their actual value. Full definition
Historically, «cyclical» market fluctuations have occurred in the context of much longer transitions from extremely rich valuations to extremely depressed valuations. (hussman.net)
We're often asked «What's the alternative» to stocks, despite extraordinarily rich valuations on a broad variety of historically reliable metrics. (hussmanfunds.com)
Stocks have done well and are at rich valuations not because they are appropriately priced, not because they deserve these valuations, but rather because investors have been in a speculative mood. (hussmanfunds.com)