Only Polly and Anna, and the frauds on CNBC and in the business media, so busy pumping their stock trivia, believe that stocks when normalized for zero rates, possessing a price-earnings multiple of 25-30x are fairly valued.  Take away 0 rates of interest, admit that real-world inflation is 5%, arrest the printing of money and the attendant currency devaluation; and stop spending money [deficits] you don't have, and see what happens.  A stock market fall ? Or maybe a crash?  

“The so-called CAPE ratio—the price-earnings multiple for the market based on cyclically adjusted earnings averaged over the past 10 years—stands at over 25, well above its long-run average of about 15. Today's CAPE has been exceeded only during the market peaks of 1929, early 2000 and 2007.The CAPE does a reasonably good job of predicting 10-year equity returns. High CAPEs predict low future returns.” Source

When the next crisis shows itself – and it will at some point – hopefully there will be a hue and cry to jail central bankers for their Keynesian [monetarist] fraud; abolish central banks and go back to the gold standard which is the only [imperfect] method of ensuring that the plutocracy does not destroy your currency value. Today a 1971 dollar is now worth only 16 cents – but remember the elite's propaganda – there is no inflation.