Quote:
Originally Posted by zamler
From an investment perspective why do you want this?
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I won't speak for the person you quoted, but my view would be what the collective "we" know is how to value a company based on earnings. With all the easy money injected into the market, it's distorted those traditional tools to evaluate the performance of companies and their stocks.
Nothing has happened in the past two years to justify that a re-rate of the S&P 500 that would make a P/E ratio of 50x be the new normal.