STE's Stocks Investing Journey

"Davis Double Play ": Mr. Market & Asset Bubbles- Part 2

STE
Publish date: Sun, 19 Jun 2022, 05:06 PM
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"The stock market is a device for transferring money from the impatient to the patient " by Warren Buffet.
I blogged about the concept of "Davis Double Play" (here ) and explained that there are two very important components in determining the index of stock markets i.e P (Index)= EPS x PENow, after the start of QT, we continue to see the market is adjusting to the "market expectation" of PE and compressing the PE to a more reasonable level. More and more data points showed that the US economy is
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