The average stock is no where near bubble territory, about 15-20 times trailing earnings - about what you would expect in a low-interest environment.
Some examples from my own portfolio:
INTC - 12 times earnings
CSCO - 15 times earnings
ABBV - 10 times earnings
MO - 10 times earnings
PFE - 11 times earnings
VZ - 12 times earnings
So mature blue-chips are far from bubble territory.
I’ve noticed Market Watch as a website seems to post stories mostly negative toward a Trump market recovery.
P/E has nothing to do with it going forward and you know that. You know how much damage the economy has sustained, you know the world situation with the Chinese and Russians becoming VERY aggressive lately and you now the uncertainty with the Wuhanic Plague and the riots and statue destruction. And, you STILL post that? Hmm...
Forward projection of p/e on the Dow is about 24, which, by my math translates to over 4% return on your money. Contrast that with a guarantee of 0% on your “safe” investments. Even low inflation will eat you up at these rates.