To me as a technical analyst i wont go predict what is going to happen. Up then up down then down, follow your strategy and trade. We are no body to predict the market afterall. The market is play by big boys, if everyone of us know what they plan to do they can retire d.
And base on above mentioned of valuation/PE, well, those big brand Pe too high doesn’t mean crash will come right ? Cant the market rotate to lower pe stocks? PE is the best way to gauge a crash? It just show for time being market dont hv good revenue growth company to let investors to choose so they rather spend more valuation into those good company?
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