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Reply to "Dow below 40000 by end of the year "
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[quote=Anonymous][quote=Anonymous]The Dow has been levitating on AI hopium for a very long time. P/E ratios are completely out of whack from historical norms. I recall 2007/8 when everyone said housing prices never go down. And then they did and the whole house of cards collapsed. Who knows whether the war with Iran will be the catalyst this time. But we are well overdue for a reality check. It is never different this time. From the tulip bubble in the 1600s to today, markets get irrationally frothy and always collapse eventually. [/quote] There was a step change in PE ratios after the 90s, which was a result of how the world changed with the internet. I would argue the change from AI will be even bigger https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart[/quote]
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