Tuesday, July 18, 2017

Why the market is 72% more expensive

On 4/15/2017, P/E is 26 and the average is 15. P/E is more expensive by =(26-15)/15 = 72%.

Of course it could last a long time as no one can predict exactly but this is my argument. Comparing to 1999-2000, some stocks had P/Es over 40 and it lasted for a while.

I concluded that the market is financially unsound but technically sound. There are many other factors I considered too such as the record debt, interest hike...

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