Admittedly, the Shiller P/E isn't a timing tool and provides no clues as to when equities hit a temporary top. But when ...

The Dow Jones dived after hot inflation data but pared losses. Nvidia partner Super Micro climbed. Fed Chief Powell wrapped up his testimony in Congress.

And while some investors may be wary of just how long the bull market ... Nasdaq just a few months ago. Given its complicated and limited history, you may be wondering why I'm so bullish on the stock.