If it drops back to 1.30 again, that is true. If it finds a new level around 1.50 to 1.60, then that is indeed being priced in. If 1.60 is the next base then that 2.50 mark will come in the next few months. The market shows the potential now as real, but will await the numbers to show just how much further a run up and base is justified.
I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. (Jimmy Stewart in "Harvey" 1950)