SPX 17-18 PE above median average, and over 25 PE w/inflation
what recession? what inflation? what rising discount rates?
"Stonks always go up". "What me worry?"
Just because stocks have come down in nominal price, it doesn't mean all these things are priced in.
Buying low means buying below historical median PE and having healthy growth prospects.
Buying low could also mean paying median PE with following years having healthy growth.
What we probably have now is the expectation that inflation raises revenue for nominal growth but not 'real' growth.
As in inflation adjusted, the growth my be less exciting.
"Stonks always go up". "What me worry?"
Just because stocks have come down in nominal price, it doesn't mean all these things are priced in.
Buying low means buying below historical median PE and having healthy growth prospects.
Buying low could also mean paying median PE with following years having healthy growth.
What we probably have now is the expectation that inflation raises revenue for nominal growth but not 'real' growth.
As in inflation adjusted, the growth my be less exciting.