[quote=moneymaker]On average earnings are down, on average stock prices are up, I would call this dangerous! I’m thinking bubble, but to make money shorting would be very difficult or very lucky. Look how difficult is was for Bill Ackman to short Herbal Life, and he is a professional. Any business can be propped up, that is the nature of the stock market.[/quote]
Historical data for S&P P/E: http://www.multpl.com/table. Today, it’s sitting around 18-19. In 99-2000, it was 29-33. In 96-97, P/E was around 18-19. Here’s a graph of that data: http://www.multpl.com/. Hardly what I’d call a bubble.
