$KO - 22X earnings
$MCD -22X
$PG -66X
$WMT - 24X
$HD - 20X
$JNJ - 26X
$DPZ - 38X

What if these all fell 50%? One could argue they still may be overpriced. This is what the fed has created. More QE and I don't think it's going to work. Where is the value(even after the drop?)