Yea I hear you. There has only been 3 other times multiples compressed at this same speed. 2000(9/11 spike), '74 (embargo) and post WW2 (lifting of price controls. Every time earnings took a breather/contracted, multiples expanded slightly before going back down to 5x-7.5x and hanging out there for a few year on rising earnings.
Small feedback, but the answers ‘yes’ and ‘nope’ don’t really align with asking are you bullish or bearish.
You could make the poll responses ‘bullish’ and ‘bearish’ to make it more intuitive.
Oh shoot! Thanks my man. Will make the edit in the future.
CC is the chart master! Always creative and educational uses of charts.
Thank you my friend!
low compressed PEs suggest we are topping but upward earnings revisions contradict. What's the deal?
Yea I hear you. There has only been 3 other times multiples compressed at this same speed. 2000(9/11 spike), '74 (embargo) and post WW2 (lifting of price controls. Every time earnings took a breather/contracted, multiples expanded slightly before going back down to 5x-7.5x and hanging out there for a few year on rising earnings.