Just because it is (was) close to all-time high doesn't mean it's high. Look at the P/E[1]. The market does not think it will grow long-term. [1] And yes I kno

Just because it is (was) close to all-time high doesn't mean it's high. Look at the P/E[1]. The market does not think it will grow long-term. [1] And yes I know it's artificially lowered due to the mark-to-market gains in investments, but even without those it's low compared to peers.