I agree.
"It is a [disputed] question, whether the circulation of paper, rather than of specie, is a good or an evil... I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin." --Thomas Jefferson to John W. Eppes, 1813. ME 13:409
The same people who deny the existence of housing bubble were also predicting DOW 25000 and NASDAQ 30000.
In the end, fundamentals do matter. If the stock of any company has a P/E ratio >10, dump the stock.
You really,really,REALLY love making yourself a laughing stock...don't do? LOL
Dear nanak,
"In the end, fundamentals do matter. If the stock of any company has a P/E ratio >10, dump the stock."
Fundamentals matter very much.
There is more to fundamentals than whether the P/E is more or less than 10.
sitetest