this post was submitted on 14 Jun 2023
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Finance

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Honestly, the whole market feels grossly overbought right now. ๐Ÿค”

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[โ€“] [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.

[โ€“] 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.

[โ€“] [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.

[โ€“] [email protected] 1 points 1 year ago

The labor market is so tight right now it's hard to see inflation cooling too much. That and the government printing bucketloads of money make me a little nervous of what's ahead.