too fast for love
- 13 Dicembre 2021
Come bene esemplifica questo grafico, questa volta sarà diverso? Alcuni pensano di no, come me.
The median P/E ratio of the top 10 largest stocks in the US is now as high as it was at the peak of the Tech Bubble, 37 times earnings.
Il Nasdaq è sorretto solo da un terzo dei titoli che hanno un prezzo di mercato superiore alla propria media mobile 200gg.The common refrain is that it is different this time, that P/E ratios are reasonable, that earnings are stronger, and that growth is more sustainable. P/Es had been the one area still not quite at 2000 top levels but that is not true anymore. It is true that earnings are strong, but they are anything but sustainable.