My point is that you imply current valuations are unrealistic and must fall back to reality, which presumably is realistic valuations, but you neglect to define

My point is that you imply current valuations are unrealistic and must fall back to reality, which presumably is realistic valuations, but you neglect to define both unrealistic valuations and realistic valuations. You know, in a way that allows me to take a company, look at say, balance sheets, and tells me which is which. I guess I made you give some examples, which is already a big improvement.