In the 80’s my dad was wary of any PE ratio that was 8 or above. He preferred 2-4.
This market is full of shit. nostr:note1dq2guqcxuyzeu8xu6yu79fy9ed064t43hhkm9u0gevmgq78kg63sz3v6v2
Discussion
Fundamentals have been irrelevant since 2000.
In the 80s the market still operated on fundamentals. We left that completely behind in the years since with free money during the dotcom and housing eras.