....this is SO telling Where We're AT now!
1. Not only that valuations are overstretched
2. They can only get more overstretched if earnings growth comes in less in the quarters ahead
3. Pricing for perfection means it would just be a matter of time that when earnings start to disappoint, the roof will fall/collapse.
4. Only a correction soon can save this market from a collapse from a higher level ahead
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Of the top 100 companies in the United States, 23 of them trade for at least 50x earnings.
That is more than the total number of companies who trade for a P/E below 20.
Just two of the hundred companies trade for a single-digit multiple of reported earnings.
https://x.com/JeffWeniger/status/1802837070571827602
....this is SO telling Where We're AT now! 1. Not only that...
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