Take a look at the historical S&P500 P/E chart. It is now at 23:
It was only higher around years 1933, 1991, 2001, 2009 all of which were followed with crashes of the market (it doesn't matter if there was recession or not). Do you think now we will shoot up past 30, 40 P/E levels to dot.com bubble levels?
I currently see many bubble stocks like NVDA with P/E at 47 which is absurd - I don't think it will stay there for a long time. In my opinion correction will probably happen sooner than later.
Here is interactive chart if you want to check:
Submitted May 28, 2017 at 11:34AM by WeirdoAlone http://ift.tt/2qpxk9V
