With the S&P's Price to Earnings (P/E) ratio at a staggering 35, this might be the time to get out of the stock market. Right before the Dot.com bubble burst the P/E ratio was at 44 and during the housing bubble it was at 27. The average overall ratio is right around 17. With the red hot crypto and pot industries, now might be the time to sell your holdings and get into one of these sectors.
Source: Forbes
A PE of 35 is, as you say, like the dotcom days. It also means that earnings are less than 3% - which by an astonishing piece of bad timing is also now very close to the interest rate of the 30 year treasury bonds. Hence the panic over both stocks and bonds falling.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bro, Agree with you that's Exactly what I want to say!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Or cash...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit