FYI:
Russell 3000 P/E just hit all-time highs.
31x earnings.
Prior peaks:
1) Tech bubble, near record prices with low earnings.
2) Post GFC, low prices with depressed earnings.Today:
Record prices with depressed earnings. pic.twitter.com/2PwkO8f9XK
— Otavio (Tavi) Costa (@TaviCosta) November 10, 2020
#recession … #Tech #Bubble 2.0 edition#Nasdaq $NDX $QQQ #NQ_F 📉 https://t.co/bP4cZYnVrP
— Invariant Perspective (@InvariantPersp1) November 10, 2020
— M/1_LP (@MI_Investments) November 10, 2020
#recession … #StockMarket #Bubble edition https://t.co/XN0ELXhRmY
— Invariant Perspective (@InvariantPersp1) November 10, 2020