NZ Stock Market in a clear bubble

INDEX:NZD   NZX 50 Index
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Am I the only person looking at this chart? There's no other commentary.

Look at this chart and tell me if this looks really dangerous.

The SPX             and NZD (NZ50) has correlated tightly since records go back. Looking at this chart, there has been a clear divergence in Nov 15. The SPX500             remains expensive at 25 PE ratio, while the NZD has continued to rocket up, despite all the geopolitical risks and to which it is particularly vulnerable.

As for me, as the manager of The Alpha Generator, I'm looking for an entry point to short this index on behalf of my customers. If anybody wants to get on board, shoot me an email
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