02-17-2022, 09:42 PM
Endless selling based on fear and a recognition that you cannot own a stock that sells at a multiple to sales. It finally happened. We sure waiting long enough....
stocks are overvalued and the price to sales ratio has become a means for assessing a valuation. Traditionally price to earnings ratio is used to assess value. When companies don’t have positive earnings, price to sales becomes measure.
Alll those high beta names and companies with no earnings will continue to get hit hard. Bear market territory. This is why I have been saying gold, Oil and banks are the places to be. Sell now and buy back cheaper. Buying on dips has not worked in those names like
SQ, PLTR, TWLO, AFRM, TDOC PYPL, ZM ect.
All those that sold MO and PM I bet wish they still owned lol
stocks are overvalued and the price to sales ratio has become a means for assessing a valuation. Traditionally price to earnings ratio is used to assess value. When companies don’t have positive earnings, price to sales becomes measure.
Alll those high beta names and companies with no earnings will continue to get hit hard. Bear market territory. This is why I have been saying gold, Oil and banks are the places to be. Sell now and buy back cheaper. Buying on dips has not worked in those names like
SQ, PLTR, TWLO, AFRM, TDOC PYPL, ZM ect.
All those that sold MO and PM I bet wish they still owned lol