I'm going to guess that over the next couple of weeks someone is going to come on CNBC and say, "I told you so", and to "sell everything" only to be proven a fool all over again.
There was a good research piece I read recently noting that in the internet bubble, when the NASDAQ as thousands of points higher, the P/E of the NASDAQ was over 100. Now, here we are much lower, and the NASDAQ P/E is only in the high-teens. The take-away was we (hopefully) have a lot more to go (higher).
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