I know when we bring up PE ratio people look away and say it doesn't matter. Yes it is true to certain point but if you look at the history 100% of the time these overly priced stocks mean revert back to fair value. Having 250 PE ratio and $1 trillion market valuation is insane for any company that is only generating $60 billion in sells (not profits). It is priced to perfection. Can go higher but I will never take a risk at these current levels.