The Growth Stock Bubble Finally Burst
It's no secret that 2022 was a veritable disaster for growth stocks.
Scores of investors -- retail, professional and everyone in-between -- learned the hard way that equities as an asset class had become even more vulnerable to a sharp rise in rates than textbooks would suggest due to the enormous weight of mega-cap tech stocks in benchmarks.
Equities were one giant, leveraged long-duration trade that depended heavily on the persistence of a macro regime defined by benign inflation and accommo
Months or Years–How long will it take to reach reach the final Market bottom ?
S&P p/e you could possibly say close enough.
Shiller S&P …. Deep recession, defaults, high unemployment, Take some time to fair value but only Uber-Bears wishing that.
As Mr. H has pointed out several times in the last number of months, revisions, and actual earnings going forward will show the way.