c/finance · by CodingAndCoffee@lemmy.world · 3yStocks pop after inflation data shows price increases cool https://finance.yahoo.com/news/stocks-pop-after-inflation-data-shows-price-increases-cool-stock-market-news-today-171004321.htmlHonestly, the whole market feels grossly overbought right now. 🤔 9 points · 4 comments · view on lemmy.world
4 Comments
investorsexchange@lemmy.ca · 2 pts · 3y
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@lemmy.world · 1 pts · 3y
SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.
Woozy@lemmy.fmhy.ml · 1 pts · 3y
SPY is still down since Jan 2022. It'll have to surpass that (and be rising quickly) before it feels too hot for me.
maporita@lemmy.ml · 1 pts · 3y
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.