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Economy

Bernardo de La Paz

(53,951 posts)

2. A contrarian view helps. And remember, bull markets climb a wall of worry.

Reply to progree (Reply #1)

Tue Mar 18, 2025, 11:15 AM

Mar 18

The "been saying overvalued since 2012" is the wall of worry. People do watch PE ratios

The press in the fall of 2024 and through the market peak in January was ebullient and exuberant, full of "pick these stocks to catch the AI boom", etc.

By February, articles were creeping in about defensive stock picking against tariff taxes, etc. Got more articles about "uncertainty" in March. Then as Friday and Monday rallies blunted the correction, articles became more ebullient again.

I think the press and stocks are still discounting the negative effects of Muck chainsaw, tRump tariff tax, and labour market disruptions, mostly because they haven't begun affecting economic and commerce statistics much yet.

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Dizzying Highs: Stock Market - Economics, Plato and PE - Econ Lessons [View all] TexasTowelie Mar 14 OP

Yup, only problem is, that people have been saying the market is overvalued since about 2012 and citing progree Mar 14 #1

A contrarian view helps. And remember, bull markets climb a wall of worry. Bernardo de La Paz Mar 18 #2