Chinese and U.S stock markets are going in the opposite directions. They haven’t been this split since the financial crisis of 2008. Crackdown against leverage in Asia’s biggest economy has rocked Shanghai Composite Index. In the U.S. I decided a while back to have large share in equity markets which at the moment is embracing a rally spurred by the French election with the S&P 500 Index continuing to build. S&P 500 index and U.S. stock prices in general, appreciated even more from June 2009, which was summer post financial crisis by 151 percent through the end of 2016. Many economist and experts now believe the stock market is over-valued and peaked, but if you look at the P/E ratio it has risen to 123.7 during May 2009, which then was its highest level in history. P/E ratio for the S&P 500 is currently lower than it was during each of the periods mentioned above, at approximately 25.5 as of January 31, 2017. Based off these facts there appears to be no justification to support claims that investors are substantially overvaluing the major U.S. stock market indices.