> It’s a game. It’s no longer stocks based on real worth, it’s just a game. <
Out of curiosity, I looked it up. Yep, you’re right. The S&P 500’s price to earnings ratio is now around 40. The historical average is around 15. So now you’re paying MUCH more then normal for the same amount of company value.
But the market still might have quite away to go yet. The highest p/e the S&P 500 ever had was 123.73 ! That was in May, 2009.
Interesting. I will have to go look. With the fed and treasury wanting to party it might go on for 4 more years. When it crashes it will be very fast. Circuit breakers will fuel the fire.