Posted on 03/17/2025 3:30:33 PM PDT by Bobbyvotes
(Excerpt) Read more at multpl.com ...
Buffwt apparently thinks so as well.
MSM keeps saying market is crashing. That is a lie, 10% drop in an over-valued market is just a routine correction.
I still think a quite a bit more correction is due, I would not call it a crash though.
What do you think about Tesla trading at a little over half what it was in December?
They keep saying “we’re headed for a recession” when we were under one with Autopen at the helm.
Graph ends in April 2024 (a year ago).
It went above 30 in 2019.
If you got out then you missed:
Dow up 125%
JPM up 230%
CVX up 170%
ETN up 320%
Plus Dividends
“Graph ends in April 2024 (a year ago).”
Grid ends in 2024. Data extends past grid.
“Normal average over past 100 years is between 15 and 20 P/E”
According to your chart we haven’t seen P/E’s between 15-20 since the 2008 crash. The market has been overvalued for many years because the fed kept interest rates artificially low and money had nowhere else to go but stocks.
In recent years interest rates have risen a bit, bonds got hit and then recovered but high dividend stocks still seem better than bonds in many cases. I’m a long term investor and ready to ride out downturns which could occur at any moment. Expect some level of volatility.
Chiller looks at the past. The market looks at the future.
“Chiller looks at the past. The market looks at the future.”
Past performance is not at all an indicator of the future
No offence to Elon Musk, but more people are recognizing the problems with EV’s at their current stage of development. Other than people with more money than brains virtue signaling over the human caused climate change scam, where’s the target market? Now the aforesaid have TDS to signal about and the already limited market is smaller than ever.
No one can predict future except Nostradamus. Economist have correctly predicted 10 out of the past 3 recessions.
Those who ignore history (past) are doomed to repeat mistakes.
Good for nimble trading. Do not use bread money to buy Tesla.
Economist have correctly predicted 10 recessions out of actual 3.
Agree with all you said.
Not only Fed kept interest rates artificially low, they also printed money to cover federal deficit spending.
Printed money does not disappear. It keeps exchanging hands ending up in stocks, real estate. A very small portion goes under the mattress. Result is stocks & real-estate inflates more than normal.
Bull markets can last a long time. Printing money to cover federal deficit inflates stocks. We are now spending more to service national debt than defense. When dollar crashes, it won’t be pretty.
Well said.
It is like a long term bubble of sorts. Or like a gigantic Titanic that long ago hit an iceberg. How long can this montrosity stay afloat? Probably a long time. Particulary since most of the world is in even worse shape.
A ponzi scheme that may outlive me.
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