The problem is, with automated trades set up by many institutional firms, any dip in the market will trigger automatic buys keeping the market artificially up even when the underlying securities might be inflated. It'll take more downward momentum on S&P stocks to really push the market down.
What a stupid take. I've recovered from a type of cancer that has made me put on 15lbs after surgery. By your logic I should pay more for healthcare because I have a disease that I was not responsible for.