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Nah, but for those who were too young to remember 98 the crypto bubble in 2017 had a very similar feel. The stock market is 2019 may be overvalued but it’s noth
by throwaway1777 7y ago
Nah, but for those who were too young to remember 98 the crypto bubble in 2017 had a very similar feel. The stock market is 2019 may be overvalued but it’s nothing like that.
- paulpauper 7y agoyes, the PE ratio for the SP500 now is low 20s versus 35 at the peak.
- ksec 7y agoNot to mention the current low federal funds rate ˜1.5% Vs ˜5.5% in 1998. That is 3.x the difference. SP500 companies are also on average holding much more Net cash than in 1998. Banks are also much more prepared in Asset and Cashflow due to regulation puts into place after the 2008. Not saying they cant financially make go burst, but at least on paper they are better. So Apart from the Macros, Countries with much higher debt and sociality as a whole with inequalities.. etc. Business on the whole are doing very well.
- asdff 7y agoOn the gross average things are OK, but there are specific local bubbles all over tech. Don't tell me netflix is supposed to be a $300 stock.