and the P/E of the SP500 is ~22 https://ycharts.com/indicators/sp_500_pe_ratio#:~:text=S%26P%20500%20P%2FE%20Ratio%20is%20at%20a%20current%20level,from%2024.09

and the P/E of the SP500 is ~22 https://ycharts.com/indicators/sp_500_pe_ratio#:~:text=S%26P%20500%20P%2FE%20Ratio%20is%20at%20a%20current%20level,from%2024.09%20one%20year%20ago https://ycharts.com/indicators/sp_500_pe_ratio#:~:text=S%26P....