Bears coming out of the woodwork!
For any bull market to be successful, you need a significant contingent of naysayers - those "experts" who often have significant success stories - famous "calls" in their repertoire, telling us how the market is overvalued and acting "crazy". When you stop hearing those voices, beware! But as long as the naysayers have the floor, the Bull can run. It's almost like the bull needs someone to gouge.
But I still measure my stocks the way I always have, and most of the companies I own could still double in share price and have reasonable P/E ratios.
On a personal note, my CAPS score has gone from Beaniecap-worthy-sub-20 last month to 91.5 today (whoohoo!).
I stand by my favorites - COP, GE and MEE, though the latter two have more than doubled from their lows (set just a few weeks ago!!) already!!