PEs are still too high. When they return to normal and everyone is wondering how low will they go, then buy.
I'm just gonna keep dollar cost averaging.
Yes, PE's are way too high. I am astounded that there are still those hoping to get their money out, or even worse, putting more money in.
Value is based on earnings, earnings, earnings, people. It is the PE, keep your eye on the ball.
I feel constrained to point out that when the market hiccuped while Clinton was prez, Republicans fulminated that he was "destroying wealth." Now it's sinking below prior lows and the sober, calm observation is that it's a "much-needed correction."
It may or may not be. Time will tell.