P/E ratios are very near long term historical trends.
P/E ratios reflect a companies earnings relative to share price.
If the earnings are high why do you decide that the share prices are inflated when historical values are similar.
"P/E ratios are very near long term historical trends."
I do realize the market interactions are far more complex and far beyond your uneducated pea brains' ability to grasp, but the P/E rations would NOT be historical norms if Bernanke wasn't printing $3 for every $1 represented in the "E" position of those P/E ratios, mow ron.