Am I the only one who thinks the NASDAQ is ridiculously overdone right now?

I'm on the side lines for now 

NASDAQ is WAY overvalued. Just a matter of time before it takes a dive. 

It's almost like the NASDAQ is a giant casino minus free drinks and a buffet.  It stopped being an actual economic indicator years ago.

The thing about stocks is almost nobody can tell you where stocks will be in a year or two.  And I thought the same thing 18 years ago so I have been sitting on far too much cash.

One thing you can usually count on is in almost any 10 year period in history, stocks do better than other asset classes.

I have concerns about all the free money that was printed.  I have concerns about rioters costing governments and businesses money from looting. 

Money markets pay less than 1% and 5 year CDs less than 2%.  Something tells me you don't have much to invest.

i recently bought more of Southern Company because they have increased their dividend every year for the last 19 years or something. And Every quarter for more than 70 years Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.

So, I determined that they may continue paying the dividend for many years and 4.8% or whatever is more than my other options for income. And hopefully its downside is somewhat limited because of that. Are you going to stop paying your power bill? 

When I was a snot nosed kid, I started with $600 to an IRA and then I added $2000 a year for the next 15 years. $30,600 total.  Its value today is $427,000+.

Right now its about 33% in cash earning less than .01%.   If only I was as smart as you. Maybe I could lease a new car and impress strangers.

I think you mean overvalued not overdone.  

Yes, it's currently overvalued.   It's almost always overvalued.   So I guess it depends on what you think is a reasonable value.

Yes, I think a significant correction may occur in the next couple months depending on the November election and what happens with the pandemic once everyone's inside with the fall/winter weather.   

I certainly take advantage of dramatic dips to buy more, but other than that, I don't bother with market timing.    Riding out a dip costs me nothing over time.   Being on the sidelines when a big run up happens costs me forever.