Interesting points.
I have always wondered if the P/E ratios mean much anymore. Why do we compare the current P/E against historical average P/E's when we have long term bond rates at zero or negative - is that normal??
People are happy buying Tech stocks at P/E's through the roof. There is no alternative to make a return anywhere.
brrrrrrrrr - more money printing reducing the value of your cash. Its a difficult proposition as you may find your capital gets destroyed when reality bites? Maybe those negative rates or zero are much better??
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