S&P 500 was on 100 year high valuation on Feb27th

With 2 significant wars raging , the S&P 500 is showing significant resilience falling only 4% . Pre February 28th , the Cape Schiller multiple was 39.7x , the same as the high of 1999 before the dot com bubble burst , is it worth taking some profit as in the past 100 years pre crash valuations havent been higher than they are now ?

chart, bar chart
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