I found this interesting article that compares annual returns from the stock market vs the P/E ratio at the time of purchase.
Below is a chart that shows the various returns vs P/E. Hopefully, it will give you a little bit of confidence during these trying times about the future.
| P/E ratio | Annualized returns |
| 5 to 9.9 | 10.8% |
| *Current level 10-14.9 | 10.3% |
| 15 to 19.9 | 5.7% |
| 20 and higher | 1.1% |
Thank you!