RMS at key support levels, page-63

It's just a sign of the times. The mainstream financial media logic goes that the cheaper capital is the higher (or non existent) PE ratios can be and the further earnings can be extrapolated into the future. Amazon is a prime example of that, not too long ago having a PE of about 2000. To my mind it's asinine, bar a few exceptions all it does is create malinvestment in revenue generating companies which will most likely never be profitable we saw this in 2000. Personally i will always put money in profit making companies with strong balance sheets.