3 ms·
It's natural stocks go up if no one has to sell (because credit is cheap) and economic opportunities are limited. My read on the situation is that stocks were c
by bluecalm 5y ago
It's natural stocks go up if no one has to sell (because credit is cheap) and economic opportunities are limited.
My read on the situation is that stocks were criminally undervalued for decades and just recently started reaching sane valuations. It's a good thing as well. It shouldn't be the case that you can earn 5%+ a year for doing nothing. P/e ratios in 30s and 40s are the new normal at least for big established companies.
- bko 5y ago> My read on the situation is that stocks were criminally undervalued for decades and just recently started reaching sane valuations. PE ratio is pretty high historically, only higher briefly in 2000 and 2008, both before huge corrections https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-ea...