Mega-tech valuations have fallen from early September’s peak but are still very high. There’s still enough froth sloshing about that disappointing earnings are an easy reason to push the sell button.
The Nasdaq 100 trades at a 12-month forward P/E of ~27.3, versus last month’s high of ~30.7 that was the highest since February 2001 (and we all know how that ended). But current valuation still compares with a five-year average of ~20 and 10-year of ~17.7.
Mega-tech valuations have fallen from early September’s peak but are still very high. There’s still enough froth sloshing about that disappointing earnings are an easy reason to push the sell button.
The Nasdaq 100 trades at a 12-month forward P/E of ~27.3, versus last month’s high of ~30.7 that was the highest since February 2001 (and we all know how that ended). But current valuation still compares with a five-year average of ~20 and 10-year of ~17.7.
The Nasdaq 100 trades at a 12-month forward P/E of ~27.3, versus last month’s high of ~30.7 that was the highest since February 2001 (and we all know how that ended). But current valuation still compares with a five-year average of ~20 and 10-year of ~17.7.
Mega-tech valuations have fallen from early September’s peak but are still very high. There’s still enough froth sloshing about that disappointing earnings are an easy reason to push the sell button.
The Nasdaq 100 trades at a 12-month forward P/E of ~27.3, versus last month’s high of ~30.7 that was the highest since February 2001 (and we all know how that ended). But current valuation still compares with a five-year average of ~20 and 10-year of ~17.7.