] Should you be worried that the bull's too bullish?
] Frankly I was. So I asked Morningstar's senior analyst
] Annette Larson for an update of the current P/E ratios of
] the mutual fund world. Price/earnings ratios are one of
] the more interesting benchmarks of market optimism.
]
] And yes, it sure looks like we may be pushing our luck
] folks. A correction may be coming as P/E ratios appear to
] be signaling a renewed overdose of what Alan Greenspan
] and Yale economist Robert Shiller dubbed "irrational
] exuberance."