I know when we bring up PE ratio people look away and say it doesn't matter. Yes it is true to certain point but if you look at the history 100% of the time these overly priced stocks mean revert back to fair value. Having 250 PE ratio and $1 trillion market valuation is insane for any company that is only generating $60 billion in sells (not profits). It is priced to perfection. Can go higher but I will never take a risk at these current levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.