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Agreed and not only that but he needs to take into consideration forward look P/E whereas he’s looking at trailing P/E. If interest rates go up, everyone is su
by 300bps 4y ago
Agreed and not only that but he needs to take into consideration forward look P/E whereas he’s looking at trailing P/E.
If interest rates go up, everyone is surmising that tech stocks that benefit from lower interest rates will not be as profitable.
And of course if we have a recession…