> How many Americans have a 401k/IRA with Nasdaq/S&P500/Dow Jones exposure where the top 5 stocks are trading at 6.8x sales and 40x P/E? That's like... unsustai

> How many Americans have a 401k/IRA with Nasdaq/S&P500/Dow Jones exposure where the top 5 stocks are trading at 6.8x sales and 40x P/E? That's like... unsustainable and scary, right? S&P 500 P/E is actually a stat that is tracked, and currently stands at about 26. I agree this makes no sense in the current interest rate environment. Investors are betting that rates are going to drop while corporate profits remain unchanged or corporate profits rise while rates remain unchanged, which also makes no sense, but at least the numbers are more reasonable than FAANG P/Es.