3 ms·
No. The whole premise is flawed. Nominal prices don't determine market valuations. Economy is a process. Companies are priced against their future cash flows.
by nabla9 6y ago
No. The whole premise is flawed. Nominal prices don't determine market valuations.
Economy is a process. Companies are priced against their future cash flows. If you want to get some idea of what is going on, use ratios like CAPE or market cap to GDP.