It defies logic and math. The only way to justify it is looking at interest rates. Interest rates effect P/E ratios. That is baked into the price. Stimulus is baked in. So it still defies logic. If I assume it will go down, it will go up, up it will go down. I am the inverse function. I am out of the market so you all can assume it will continue to go up. I will notify everyone when I get back in, then it will go down.
LOL