1.Earnings vs Price-Paid: the chart below shows how earnings did eventually come online for dot-com bubble stocks (well, at least for some of those whomst actually survived!)
But valuations came way down…
in other words, all that glorious growth was *in-the-price*
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2.You've probably seen the CAPE or PE10 ratios for global equities before, but have you seen the CAE/E10?
This chart shows the 10-year moving average of earnings for global equities, and it is extremely telling...
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3.Every now and then a chart comes along that stops you in your tracks...
This is one of those, and for good reason! $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
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