Is Wagh Too High?

I was very, very bullish in march of 20 20, ah, but you're right now. You know, i would say money's been made. Maybe we those were, those were some good years right after. I did the multiple of the s and p relitative historical multiples associated with these kinds of intesrats. Is wagh too high? And that's where the idea of a 20 % correction comes from. But one thing thats helped us with european earnings so far is the depreciation of the dollar. The other argument here is that earnings are going to improve. And i don't see where that's coming from.