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> Stock prices are back around where they were before the pandemic. This is not true, at least not for the U.S. stock market. Market indices are still up 20-30

• arcticbull 4y ago
  Cool, and that was 2 years ago, during which many index components grew 20-30% year over year. Folks lose perspective on just how good these companies are at growing their revenues. GOOG for instance, was making a trailing $160B per year going into COVID. Now it's making a trailing $270B per year. [1] The S&P 500 P/E ratio is down to 20 from 25 on January 1, 2020, so the S&P 500 at least is 17% cheaper now than before COVID. [2] And looking at mid-cap tech? Shopify is trading at a lower ticker price than at the bottom of the COVID drop on March 19, 2020 - despite having tripled their revenue since then. A lot of companies are really cheap right now. [1] https://www.macrotrends.net/stocks/charts/GOOG/alphabet/revenue https://www.macrotrends.net/stocks/charts/GOOG/alphabet/reve... [2] https://www.multpl.com/s-p-500-pe-ratio/table/by-year https://www.multpl.com/s-p-500-pe-ratio/table/by-year