If there’s evidence we’re near the peak of the US equities bubble, this is it.

https://twitter.com/PhilipSoos/status/1224628980495474688

This chart blows my mind! The US PEG ratio is at an all-time high after almost doubling in the space of 12M to 1.8X – a +4 standard deviation move! US LT EPS growth has never been so expensive. Earnings need to stage a big comeback in ’20 to justify these record valuations.

This chart blows my mind! The US PEG ratio is at an all-time high after almost doubling in the space of 12M to 1.8X – a +4 standard deviation move! US LT EPS growth has never been so expensive. Earnings need to stage a big comeback in ’20 to justify these record valuations. pic.twitter.com/n2yD7JdRC7

— Julien Bittel, CFA (@BittelJulien) February 4, 2020

Related:

Today 47 million shares of $TSLA traded at an average price of $750/share – equating to a nominal value of $35 billion.
That was greater than 1.6x the nominal value of Spyders traded ($22 billion) and over 1.5x the nominal value of $AMZN and $AAPL trading combined today.
.

— Dougie Kass (@DougKass) February 4, 2020

Tesla market value currently ~ $140 Billion.

– Bigger than Costco $COST $133B
– 2x bigger than Caterpillar $CAT
– 3x General Motors $GM
– 4x Ford $F
– 5x eBay $EBAY
– 6x Kellogg $K
– 7x United Airlines $UAK
– 8x Hess $HES
– 9x Expedia $EXPE
– 10x Hasbro $HAS
etc$TSLA@cnbc

— Dominic Chu (@TheDomino) February 4, 2020