At the beginning of 2018, per diligent analysis of market valuation per economic conditions, noting PE ratios go down in bad times and up in good times, large and mid-cap stocks are actually around 4X overpriced. Small caps decoupled form the rest of the market, making them 6X overpriced. The PE ratio stated for the Russell 2000 on many sites purposely exclude the massive number of corporations with negative and zero earnings. In not playing with the data, the PE ratio is well beyond 100! Note, the real GDP growth has been deeply negative 10 years running and currently at negative 7%. This is per proper accounting of inflation and deficit spending. In fact, with an expected big increase in deficit spending, year 2018 will likely have around a negative 10% real GDP growth. Go view the article Negative 10% Real GDP Growth Unmasked written in 2012 to show how government has been lying to the people. With an overpriced stock market, manipulated up or not, it widens the wealth divide