https://www.currentmarketvaluation.com/models/price-earnings.php https://www.currentmarketvaluation.com/models/price-earnings... I agree with some of what you

https://www.currentmarketvaluation.com/models/price-earnings.php https://www.currentmarketvaluation.com/models/price-earnings... I agree with some of what you are saying, but on a deeper level I don’t think a 25 PE ratio is particularly healthy so I’d say the real bubble is an everything bubble we are currently in. Facebook and Google have some of the lower PE ratios right now because they actually have earnings. >The current S&P500 10-year P/E Ratio is 37.8. This is 91% above the modern-era market average of 19.6, putting the current P/E 2.3 standard deviations above the modern-era average.