MichealKnight
Full time employment: Posting here.
- Joined
- May 2, 2019
- Messages
- 520
It's currently at 34.
Even if Ukraine and Putin end up as lovers, replete with champagne, strawberries and a couple's suite at the Kiev Ritz...... even if the "10 year treasury" stays around 2-2.5%..... even if earnings keep growing, is it relevant that historic PE mwas around 19...and now we're at 34?
Point being - is 30's the new normal as long as earnings are growing? OR does it mean that no matter how much good stuff happens -- there's an inevitable crash coming?
Yes, we can say "I don't care,im in it for the long term", ok, great. Perhaps that's all we can react with. But - regardless of one's AA - -it's a relevant question. Will investors accept 34 as the new normal, or - is there some nastiness, real nastiness coming? Part of me feels very worried ....34 to 20 is a huge gap and potential drop. BUT ....then again. people are sending in their 401K without question each pay period. What else are people gonna do other than keep buying the same stocks and supporting these high PE ratios?
Thoughts?
Even if Ukraine and Putin end up as lovers, replete with champagne, strawberries and a couple's suite at the Kiev Ritz...... even if the "10 year treasury" stays around 2-2.5%..... even if earnings keep growing, is it relevant that historic PE mwas around 19...and now we're at 34?
Point being - is 30's the new normal as long as earnings are growing? OR does it mean that no matter how much good stuff happens -- there's an inevitable crash coming?
Yes, we can say "I don't care,im in it for the long term", ok, great. Perhaps that's all we can react with. But - regardless of one's AA - -it's a relevant question. Will investors accept 34 as the new normal, or - is there some nastiness, real nastiness coming? Part of me feels very worried ....34 to 20 is a huge gap and potential drop. BUT ....then again. people are sending in their 401K without question each pay period. What else are people gonna do other than keep buying the same stocks and supporting these high PE ratios?
Thoughts?