Seriously, how long can this charade go on for?
How many more new investors can they suck in at this level?
Do these people even know what a P/E ratio is?
I've got the FAANGM with a P/E of over 30 on last qtr earnings. With Amazon at 130 and Netflix 100.
US and the world have got mass unemployment and heading into a global recession. Consumer spending is going to take a big hit and effect all these co's revenue.
If S&P doesn't tumble after Q2 reports come out, I will consider throwing the towel in.
BBUS, page-7037
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