Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Barnacle

It’s a game. It’s no longer stocks based on real worth, it’s just a game. Eventually it will all come crashing down.


6 posted on 02/24/2021 6:33:43 PM PST by McGavin999 (biden is not my president )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: McGavin999

> 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.


22 posted on 02/24/2021 6:54:12 PM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson