4 points | by xqcgrek2 17 hours ago ago
2 comments
For their custom definition of "valuation".
They do make a good case why a lot of traditional metrics aren't giving the full picture. They think earnings are exaggerated, and I tend to agree.
People said this 2-5 years ago too. it's such a useless metric. Overvalued markets can become even more overvalued. At some point, you may never get a chance to buy if you sit it out.
For their custom definition of "valuation".
They do make a good case why a lot of traditional metrics aren't giving the full picture. They think earnings are exaggerated, and I tend to agree.
People said this 2-5 years ago too. it's such a useless metric. Overvalued markets can become even more overvalued. At some point, you may never get a chance to buy if you sit it out.