PE's mean nothing now.
This market is not your market of the pre-GFC.
Trade it but don't hold on for too long.
Fundamentals mean nothing when the financial system backing theses companies is bankrupt and at the brink of collapsing.
The volatility is great for making quick bucks.
If the world goes into a deep recession the P/E's will be adjusted when company revenues fall and their credit lines seize up.
Then you might be saying that the PE is too high.
Like I said volatility is great for making quick bucks but I would not base my investment decisions only on fundamentals anymore because this market is not like it was prior to the GFC.
Good luck to all.
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