> Are we back to historic P/E ratios yet? <
Not even close. The historical average is somewhere around 15. We are now around 20. Disclaimer: There is more than one way to measure P/E. So different sources can have wildly different numbers.
I’m thinking S&P 3,000 before this bloodletting stops.
Cash is king right now. Not much of a king, but still better than some other alternatives. Okay, short-term Treasuries maybe. I really haven’t a clue. Just hold on...