Buying markets at a forward P/E of 23 because a central committee self-admittedly has flooded the system with money it has digitally created is not investing.
It's stupefied herd behavior. And no, it doesn't build immunity.
— Sven Henrich (@NorthmanTrader) May 19, 2020
Price/Earnings to Growth (PEG) ratio is Price to Earnings (P/E) divided by the expected earnings growth rate. This particular example shows a 5-year earnings growth expectations.
The ratio's value is the highest for at least 25 years
How this ratio is broken or it isn't at all? pic.twitter.com/kOZiNhDjwS
— Sebastian Sienkiewicz (@Amdalleq) May 19, 2020
BofA Fund Manager Survey is out
"Zeitgeist bearish: just 10% expect a V-shaped recovery, 25% a new bull market; in contrast 75% expect a U or W-shaped recovery, 68% a bear market rally"
— Jonathan Ferro (@FerroTV) May 19, 2020
What a bullshit.. printing money means higher inflation.. they should change it in asset inflation pic.twitter.com/AQ5dbIygQE
— Alessio Urban (@AlessioUrban) May 19, 2020
Q1 earnings growth down 7.2% so far. The great thing about the stock market is we forecast 10% earnings growth and when it comes in -7% we still rally because we expect it to rebound to +10%
— GreekFire23 (@GreekFire23) May 19, 2020
Consumer spending item changes pic.twitter.com/DvcUQOn559
— Win Smart, CFA (@WinfieldSmart) May 19, 2020
Jefferies: Retail closures by location have declined modestly, and restaurant bookings have improved marginally but are still down 94% y/y
Without sharp improvements in these areas, many businesses – small ones in particular – will eventually have to close their doors forever pic.twitter.com/QvjUYo30Yi— 𝕮𝖍𝖎 🛢️ (@chigrl) May 19, 2020
Will the Fed buy all of these? pic.twitter.com/XoFcKUKTts
— Win Smart, CFA (@WinfieldSmart) May 19, 2020