At risk of repeating myself. (Well, actually, repeating myself.) The current PE (Price to Earnings) ratio of the S&P 500 is 24.6. This is where the stock market usually falls FROM, not TO. And this isn’t even Core Earnings, it’s earnings calculated the old-fashioned, corrupt way. Click here to see some charts. (Two links at the top of the page: Still Overvalued and Another Perspective.)