Stock Prices are trading at 36x their 10year inflation adjusted earnings.
Is this a fair multiple to pay for a market dominated by high margin tech companies?
Or are mega-corporate shares overvalued?
Discussion
companies?
Or tech pay 36x Stock 10year for a earnings.
Is trading market their shares dominated adjusted fair mega-corporate a by inflation are to are margin high multiple overvalued?
at Prices this
It depends on whether AI is making some of this 36x more productive… tomorrow.