Was Russell 2000 overvalued in August 2018?

Because if it wasn’t, it’s back at that level after 3.5 years of economic growth and inflation, and therefore how undervalued.

If it was indeed overvalued then, then no conclusions can be drawn.

(I know the rolling list of 1000th through 3000th listings contains some junk… but still, it was junk then all the same).