The Market Just Hit a Risky Milestone. History Says Investors Should Make This 1 Move.

Key Points Despite a plethora of material risks, the S&P 500 remains near all-time highs. The S&P 500 Shiller CAPE Ratio is at levels last seen during the dot-com bubble. Investors should step back and assess their risk tolerance before it is too late. 10 stocks we like better than JPMorgan Chase › Jamie Dimon, CEO of JPMorgan Chase (NYSE: JPM) , eloquently described the risks the market faces today as "tectonic plates" that are "shifting below the surface." He highlighted risks such as geopolitical conflict, high debt levels, and inflation. But he also included elevated asset prices on his list. As if on cue, the S&P 500 Shiller CAPE Ratio is flashing a warning sign about the extreme valuation of the market. Here's what you need to know.