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《《安非他命》手机免费在线观看 - 高清完整版 - 红梅...》视频说明：在八十八角真阳楼凝聚的过程中王庭福地中每隔八里就有的小塔楼都会陆续沉入地底当中Tim Anderson: Yes, stocks certainly are not cheap. Just to compare it to when Trump came into office eight years ago, the PEs were about 16, 17 for the S&P 500. Now we're at about 22. But we're not at all in what you would call bubble territory, like we were at the peak of the internet bubble in 2000, or even going way back in the summer to fall of 1987, before we had the big correction there. So, what we'll really need from the market is earnings expansion. And then, because that's what when you're at low level of PEs of 21, 22, the investors are really betting that you're going to have earnings expansion to grow into that multiple, so to speak. And I also think that the wild card that can help with that a lot will be we haven't really seen yet the positive effect in productivity that AI equipment being used at the end user will benefit earnings from the companies that have spent hundreds and hundreds of millions of dollars implementing it. We've seen huge benefits for the chip makers, because orders have been extremely strong, and they probably have very high margins on those products, given that its first or second cycle products. But we have not seen to what degree it will impact productivity to the positive, and I'm sure that it will, at the end user of that product. Maybe we'll start to get some really good hard data on that in the second or third quarter next year.05.