P/E has been so consistently been horrible indicators for the stock market that it is actually mind blowing that people still use them. Most analyst that relies

P/E has been so consistently been horrible indicators for the stock market that it is actually mind blowing that people still use them. Most analyst that relies on them has among the worst rating on Wallstreet. The same logic was applied to amazon for like 10 years. I'm sure all those people who invested in amazon regret it now that we had that massive crash and amazon has finally been reviled as a Ponzi scheme. P.S: Does anybody else hate that the 'Ponzi Scheme' was once a specific thing and now everybody uses it in every situation where people could lose money. Please learn what 'Ponzi scheme' actually means.