LYC: Insanely overvalued, page-219

Many stocks set short term highs last Thursday about noon. Normally I wait for patterns to develop before I talk about them then everyone says, "useless talking about past". The patterns I am going to talk about may fall apart or be well established before Jan 1 We will have to wait to know. These are only my opinions form your own and watch. Here is the data table I will be referring to. All the stocks and indexes will have many up and down days between NOW and Jan. 1. It is where they end up that counts.

					Dec 09 to Tues. %change
		Thursday high	Tuesday Close	PE
1	Mp	$50.08	$41.86	63	-19.64%
2	NIO	$35.55	$32.20	EPS - 1.02	-10.40%
3	BYDDF	$38.40	$36.25	198	-5.93%
4	TSLA	$1,062.49	$958.00	313	-10.91%
5	REMX	$118.40	$113.89		-3.96%
6	LYC.AX	$9.55	$9.28	52	-2.91%
7	ASX 200	$7,418.30	$7,378.30		-0.54%
8	S&P 500	$4,695.25	$4,634.00		-1.32%
9	DJIA	$35,864.00	$35,544.00		-0.90%
10	BHP	$56.70	$58.08	13	2.38%
11	RIO	$64.00	$64.70	12	1.08%
12	FCX	$38.83	$37.96	14	-2.29%
13	NEM	$56.25	$56.17	22	-0.14%

So let's look at the first 6. Notice PEs an % drops. I see a clear relation. Lynas with today's rise is a bright spot. The next 3 are all indexes note the drop is very small this indicates it is not a broad market drop just green stocks. The three after that are all miners with low PEs that finish their oar into high grade metal. they do not seem to be following green stocks. We will have to wait a few weeks to know if this is a tread. Also think what may happen if general markets take a dive which they will withing 6 months. High PEs always fall more. I may update right before Xmas then early Jan.
PS Nio has no EPS because with negative earning the number is meaningless. It did Fall 10% in three days.