21 is not a bargain, look at bank stocks if you think a 21 p/e at stable income is a bargain.

The US stock exchange is completely inflated, but the inflation keeps new money from across the globe flowing back. As the 7% annualised gains in S&P500 are among the top of the world, but the entire growth is based on a perception people will continue to flow money into the ponzi scheme rather than underlying value.

Novo Nordisk, trades at 9.78 P/E. That's a stable profit stock.

Barclay's, trades at a 8.32 P/E. That's a stable profit stock.

American stocks are just inflated through the fucking roof.

Since they started scraping user data and selling ads

One reddit of money.

It's a whole lot of Reddit Gold, I'll tell you that much

A decade, and more, ago it was taught that a company with a P/E under 15, with a few other fundamentals checked, was a good investment for a growth stage company.

What? No. It was a good investment for a stable blue chip company.

Growth stocks are always going to be on the high end. 30-50 p/e is very normal, especially with a bullish sentiment behind a growing company. 100 p/e wasn't outrageous if a company was growing rapidly.

What's surreal about firms like Tesla is that they're already functionally blue chip. They've done their growth phase and largely saturated their markets. But they value as though people anticipate Tesla to eclipse Toyota in the next twenty years, absent any evidence to that effect.

None of that matters anymore.

There are a few outlier firms outperforming the pack - the MAG7, specifically - that are trying to claim growth stock status on the grounds that tech infrastructure consumption is preparing to increase rapidly.

Whether that pans out remains to be seen.

Reddit's smooth as glass compared to lemmy. I have to browse by hiding each post then refreshing the front page (and I can't tell if I hide the post or not so I'm double checking all the time). "Next" doesn't work, "next" doesn't work on replies made to me, old.lemmy is completely broken, much more. Maybe it's different for different servers, but if .world, one of the largest, is such a clusterfuck, I can't imagine what smaller servers are like.

I'm an old IT tech, got the patience of Buddha for tech bullshit, but most people wouldn't hang here two minutes. And if they do, they'll see all the animal and lolita porn every 4th post ("furry" and "anime"). I would never tell someone I'm on here.

At least I feel like Lemmy is trying the best it can, but I feel like browsing reddit is dodging collosal chunks of hostile javascript and dark patterns at this point.

And reddit did turn a profit, for the first time ever, shortly after going public.

And whatever unholy amalgam spez is