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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (76219)	9/26/2024 7:36:17 AM
From: Harshu Vyas	1 Recommendation of 78495

that should mean trillions moving back into the stock market eventually. Maybe we're in a perpetual bull market. But... S&P 500 now trades at 5.12x book (higher than the 2000 peak of 5.06x) and 3.02x sales (close to the 2021 peak of 3.04x). Shiller PE at 36.75x, too, which is lower than the 2000 peak of 44x and 2021 peak of 38.6x. Oh, and the Buffett indicator is above 200%. If you're looking for a reason to sell, there's some logic and reason. Bears may point to Buffett and his growing pile of cash. But, as you say, rate cuts provide a bull case, too. Frankly, I don't know haha -- baba and bidu up 8% in hong kong. China itself reminds me of a Munger quote about retailers - There are two moments of happiness in the life of a retailer: the day you buy the business and the day you sell it. There's no way investors actually want to own Chinese stocks. I wouldn't want to hold Chinese stocks for years, regardless of how cheap prices stayed. And that's because there's a real risk of losing everything! And Alibaba, JD etc are Chinese retailers...

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