Posted on 03/19/2018 4:22:37 PM PDT by SkyPilot
Well, thanks to the Obama recession, my savings accounts were wiped out. So I really dont have to worry about losing my retirement. It is already gone.
If you multiply that P/E ratio line by prevailing interest rates, it will look lot smoother.
In other words, watch interest rates hike if market will have a large correction.
There is this...
“Amazon grabbed 4 percent of all US retail sales in 2017, new study says. Amazon was responsible for about 44 percent of all U.S. e-commerce sales last year, or about 4 percent of the country’s total retail sales figure, according to data from One Click Retail.Jan 3, 2018”
Tulips...
Plastics...
BitCoin...
FANG...
Yes, but they grab market share by cutting margins to the bone in an already very low margin retail business. Don’t see how that warrants a dizzying 323 PE.
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