Finance

218 readers

2 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

submitted 1 year ago* (last edited 1 year ago) by CodingAndCoffee to c/[email protected]

4 comments fedilink hide all child comments

Honestly, the whole market feels grossly overbought right now. 🤔

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago (1 children)

Grossly overbought? Why do you say that? The average P/E is near the long-term average, although a few stocks are bringing it up.

[–] CodingAndCoffee 1 points 1 year ago (1 children)

SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.

[–] [email protected] 1 points 1 year ago

SPY is still down since Jan 2022. It'll have to surpass that (and be rising quickly) before it feels too hot for me.