Replies

1 posted on 03/12/2018 12:34:14 PM PDT by SeekAndFind

yeah, but it’s different this time /s

2 posted on 03/12/2018 12:38:19 PM PDT by relee (Till the blue skies drive the dark clouds far away)

Those P/E ratios are ridiculously high.

But unlike the last dot-com bubble, at least these companies actually HAVE measurable earnings.

3 posted on 03/12/2018 12:52:40 PM PDT by Alberta's Child ("Go ahead, bite the Big Apple ... don't mind the maggots.")

PE ratios are high but not like in the '90s (MSFT=79, GOOG=64, FB=34). The one thing definitely missing from the times of the great tech wreck is the proliferation of junky companies and the insane IPO frenzy. I could see a 10% pull back but not a major collapse.

What concerns me more is something I call "Apocalypse 2020". I don't put it past the people in a lot of corporate board rooms to try to collapse the stock market in the run-up to the 2020 election. Goldman Sachs' board are not Donald Trump fans. We could see a sudden "liquidity crisis". I plan to go mostly to cash in about January of that year.

6 posted on 03/12/2018 1:30:13 PM PDT by InABunkerUnderSF (Time to BLOAT again.)

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