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Strategies & Market Trends : Bear!

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From: Sean Collett2/13/2024 4:52:22 PM
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I am fully invested in value and have no intention of trying to time the market as there seems to be too much silliness driving it but we're looking at 391 U.S. stocks with a P/E > 50 and going further there are 203 with a P/E of > 90.

Looking elsewhere, there are 393 stocks trading in the U.S. with a market cap over $1B and a EBITDA < $100MM - 33 of these are trading with a P/E of over 50. Of the 393 we have 183 trading with a PSR > 5. 214 of these 393 have a FCF yield of < 0% and 325 have an earnings yield < 0%!

Just an insane level of overvaluation Mr. Market has gotten itself into.

-Sean
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