The math checks out....if price is up 9% and forward EPS estimates are up 14%, the forward P/E compresses about 4-5% (1.09/1.14). So yes, modestly less expensive than January.
But two caveats keep "cheaper" from meaning much:
1- it's only cheaper relative to itself. By your own chart, 21.3 is still above the +1 SD band (20.5) and well above the 17.2 long-run average. Less expensive than a very expensive starting point isn't cheap โ it's near the top of a 30-year range.
2- it's forward *estimates*. The whole "cheapness" depends on that 14% estimate increase actually materializing. If estimates get cut, the multiple re-expands with no move in price. Forward P/E always flatters valuation because it's banking on forecasts.
Fair as a "valuations didn't deteriorate this year" point. But "stocks are cheaper" is doing some rhetorical lifting.
But you are just a jolly bull market rage baiter. Lol.
Have you ever seen the @frontlinepbs documentary, "Sick Around the World"?
Frontline: Sick Around the World is a 2008 PBS documentary hosted by T.R. Reid that examines the healthcare systems of five other advanced capitalist democraciesโthe UK, Germany, Switzerland, Japan, and Taiwanโto find potential models for reforming the U.S. system, which at the time covered fewer people at a higher cost.
https://t.co/3S3oIVlPPz
YES. But not the fear mongering kind they try to scare everyone with. The real fraud is the death by a thousand convenience fees.
Excessive fees/taxes on bills like cellphones and utilities. Cost of vehicle insurance compared to what they cover when you get in an accident. Cost to replace tires and repair cars. Bank fees. Ticket fees. Airline fees. Fees fees fees.
We are trapped in a Blockbuster Video hell where the late fees grow in perpetuity and the return slot is welded shut.
@mwebster1971@YouTube I also like watching this old workshop by Bill. It reminds me of you and how you teach. You can totally see that he was your mentor. It's like you speak the same language as him. IBD is lucky to have you on their team. Thanks for all you do! We appreciate your time.
@mwebster1971@YouTube Just finished that one and refreshed myself on the others you recommended. Realigned my trading chakra. Or Whatever they call it. Got chewed up chasing the headlines, instead of letting the market tell me what to do. ๐คฆ๐ฝโโ๏ธ
@MichaelPBento Anyone find it odd that only CNBC AND Fintwit covered the alleged remarks from Iran today? No other network is covering it as breaking news like CNBC did.
@MilitaryTycoon It's cool. But I paid to complete Su quest twice and I didn't get anything. Left a post on the forum and contacted Roblox. I'm supposed to wait 15 days for you guys to respond. Emailed you here as well.
Marcus, please pick my mom Elaine. Sheโs 65, a widow, on a fixed income, and still spends her life helping everyone else. Since losing my dad to colon cancer in 2003, sheโs carried financial hardship, supports her daughter and granddaughter, and is trying to stay in the only home she has despite a bad roof, major plumbing issues, a broken shower, water heater problems, and damage from a recent pipe burst. She also has multiple sclerosis, and the house will eventually need to accommodate that reality. She never asks for help. Ever. This wouldnโt just be a makeover. It would lift a huge burden and give a truly good woman some peace. #BedBathandBeyond
@unusual_whales Market yawns. Everyone thinks it will be taco Tuesday. No big deal. Trump has a "plan." Something is fishy. Maybe it's just my breath. I dunno. When will any of it actually matter? Lol
Bro. You're exhausting. You do not sound like a market savant. You sound like a guy desperately curating the image of one. Every decent call gets turned into a self coronation while every bad one gets buried under excuses, disappearing acts, or revisionist spin. The loudest thing on your feed is not your edge. It is your exhausting need to be seen as the smartest guy in the room. You do not sound like someone who understands the market better than everyone else. You just desperately need everyone to think you do. You do not project confidence. You project deep insecurity with every screenshot. Your whole brand is less serious market operator and more main character with a chart app. Take lithium and chill, brother. ๐