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The stock market has been on a tear in recent years, with major indexes reaching new all-time highs on a regular basis. However, some experts are warning that the market may be overvalued, and that investors should be cautious.
One of the main indicators of an overvalued market is a high price-to-earnings (P/E) ratio. This ratio compares a company’s stock price to its earnings per share, and a high ratio can indicate that a stock is overpriced. The S&P 500, which is one of the most widely-used measures of the overall stock market, currently has a P/E ratio of around 25, which is higher than the historical average of around 15. This suggests that the market as a whole may be overvalued.
Go ahead. Mark your calendars. Bookmark this page. I’m prepared to be judged by the group’s one-month-older selves. Because this week was unhinged and, in retrospect, will be seen as idiotic. Let us take two specific stocks.
The first is Buzzfeed. This was one of the many SPAC Wrecks of last year, losing about 98% of its value. It was a garbage stock. A wreck. A low-volume pile of trash. And deservedly so.