Commentators are raving on about this chart and that statistic, and how earnings don't support the prices. But they are missing the point.
Earnings this year may or may not support the prices. However future earnings, i.e. in a few years time more than likely will.
So you need to say to yourself, although we know these stocks should be worth much more in a few years time, will I get them any cheaper between now and then? Well that's the uncertainty, but ultimately you want to be in.
