> My read on the situation is that stocks were criminally undervalued for decades and just recently started reaching sane valuations. PE ratio is pretty high h

> My read on the situation is that stocks were criminally undervalued for decades and just recently started reaching sane valuations. PE ratio is pretty high historically, only higher briefly in 2000 and 2008, both before huge corrections https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-ea...