Anybody Buying Yet? Where’s the Bottom?

[Flatrock]

Fair point. Because I have lived through numerous instances in my career of professionals telling me it doesn't matter...until it ultimately does. We are in another one of those times and I keep telling people trying to justify it as the new normal (which I will agree with to some extent) that "it will matter at some point". 30yr avg PE for S&P is 17. We are at 22. That is a long way from cheap. Expensive stocks have a lot built in regarding expectations. It only takes a small piece of news to send them falling.

Whether we're expensive or not is just your opinion. Historically yes but maybe not in our current condition. We may be priced appropriately right now. You've been saying we're expensive for nearly 6 years on this thread. Plenty of commentators have been saying the same the last 10-15 years.

As the S&P has become more and more tech heavy, I would fully expect the average PE to rise. Tech stocks have just about always had higher growth rates, higher profitability and higher PEs.

 

[LopeHunter]

I’m patiently waiting for my unconstitutional tariff refund check.

But, but, China pays the tariff, right? Right? Do not tell me my cult leader and his minions were less than truthful. TDS, mojo. When is the next cult meeting? I need to get my talking points for why abusing cops on J6 was patriotic and why hanging out with pedo pimps is a nothing burger. I need to buy some more Bibles and hats, by golly!!! Stand up if you agree and applaud.