You cannot just look at price-earning ratios; you need to look at growth.
There's no doubt it's a bull market.
The government wants a slow bull market that can last for one or two years.
The correction is not yet over.
It's no longer a market where you can go up and up, with no resistance.
Volume has been tiny..., so you don't need a lot of money to push up prices.
It's back to normal. There will be ups and downs, but not the kind of panic selling we saw earlier.
Insurers' purchases have put blue chips into the market's spot light.
Without the circuit breaker mechanism, the market wouldn't have dropped so much.
Investors are waiting for new events that can drive the market.