Fat Bloater has obviously been burned beyond recognition by shorting this blue-chip bull market. However, the interest rate effect seems obvious, with blue-chips trading on monstrous PE ratios. I better buy the newspaper and check out the PEs on the top 150. Simply looking at RHC and WES, yesterday. Their PEs are sky-high, with only WES being saved by a 5.7% pre-tax dividend yield. Any rise in interest rates and these stocks are ready to fall. Hopefully, Fat Bloater has some cash to play with by then because they must have lost their XXXL sized shirt by now. Regards
