25 years since dot com high next January

[Dolf]

S&P is already trading near record high multiples

Price to sales

Price to NTA

PER

 

What else happens in January? Next President

 

Going to be some sort of mini crash or so.

[Dolf]

https://www.multpl.com/shiller-pe

[stoner]

hodl

[MrPancake]

Larry Fink is betting on infrastructure.

Seems terrible imo.

But he is pretty bullish apparently.

Not a good sign....

 

 

[Dolf]

2 minutes ago, MrPancake said:

Larry Fink is betting on infrastructure.

Seems terrible imo.

But he is pretty bullish apparently.

Not a good sign....

 

 

He can share his money

[Mike Lister]

51 minutes ago, Dolf said:

https://www.multpl.com/shiller-pe

Yes, but.......try removing the FAANG stocks and then recalculate that P/E and see what you get, it falls by 50%.

 

https://www.nasdaq.com/articles/whats-the-sp-500-without-its-faangs

[Dolf]

Sales growth is slowing. Ratios are going high. Most money goes into the top 8 because of index funds. Earnings yields are falling.

 

 

 

 

[Mike Lister]

3 minutes ago, Dolf said:

Sales growth is slowing. Ratios are going high. Most money goes into the top 8 because of index funds. Earnings yields are falling.

 

 

 

 

The major banks guestimate the year will end around 5,200, which is lower than today, JPM says 4,600! Sell in May and go away, they say. I'm seriously considering taking an early holiday this year.