Yeah, the DJI hit 30,000! Can this farce end now?

Or does it really need to go to 30,600 (or higher)?

I really would like to get back to PE ratios that are realistic so I can invest in companies for what they are worth not what the will be in 50-100 years. Sigh, so goes the life a bear.

Note that the convergence date is around Dec 15-25. Maybe a Christmas present for the bears? LOL

Commentaire:

I know there is a lot fuss (me included) about how much the market has rebounded and seems like it may go on forever.

I think it is imporant to know that the market is only up 12% over the last 3 years!

If instead the market had a boring 3 years with slow but steady growth (COVID and all), then I doubt anyone would have noticed or cared.

Maybe the issue is the "snowflake" bulls that freak out at the slightest economy hiccup (oh no, no more QE and stock buy backs :( Thus, cause the market to make record breaking drops. Food for thought ;)