US Investing: Does It Still Make Sense to Invest at This Valuation?

Right now, Indian investors are feeling a massive sense of FOMO. While the BSE 500 has remained largely flat over the past year, the US S&P 500 has delivered a staggering ~42% return in Indian Rupee terms (combining a 27% dollar-term rally with a 12% currency depreciation).

Naturally, everyone is r