Nasdaq is doing well for sure
Apple the worlds most valuable company
40% now of Mr diversification - sorry buffets entire equity portfolio
Bit of trivia for you
In march 2020, not that long ago
you could buy 12.65 of earnings for 254.29 USD
at the end of june, to buy and extra 40 Cents more earnings cost $110.51 as the closing price was 364.80 and earnings had increased 40 cents to 13.15
Of course that was after a stella benfit from stay at home orders, who knows what the EPS will be this Qtr but guess what, the shares are now trading up another 80USD
its all good, not trouble ahead, gold in bubble but the likes of apple which are good compnaies are being propelled higher and higher but the earnings just dont match the rises, the rises come from the likes of buffett, 110 dollars more a qtr later for 40 cents more eps, lol
Everything is out of whack
Just multiple this share and EPS figures by 1000 and imagine a property transaction
you bought a rental for 254290 dollars in march and got 12650 rent
but sold it 3 months later for 364800, a 43% GAIN because you put up the rent 500 dollars, people would be warning of a seriously overheated market id suggest
https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratioEverything is being distorted out of shape at present and at some stage imo idiots paying 110 usd more three months later for the same share but for just 40 Cents more EPS (it had 12.65 EPS anyway) are going to experience 1999 style smashing at some stage - Apple isn't the only one -
Worlds most valuable public company is now trading at PE of 33 and whilst there is growth its not explosive qtr on Qtr growth
But they say the FED and Central banks have had no affect on markets lol
Its why its called the S and P 5 Now
