Here We Go Again

🤷‍♂️ HERE WE GO AGAIN...

Here we go again. Take a look at this:

The Nasdaq now sits on a P/E of 31X. For comparison, it was 32X at the end of 2021. The saying, “history never repeats itself, but it often rhymes” comes to mind.

The market is behaving as if deflation will prevail for the next 10 years, interest rates have peaked and are coming down, there’s no chance oil will rise above $100, demand for coal will plummet, there will be an endless supply of cheap natural gas, wind and solar will dislodge coal and gas as primary electricity generating sources, endless supplies of copper, lithium, nickel, etc. are about to be discovered, and everything in between.

Call us grumpy old farts, but we don’t think so.


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Disclaimer: This is not intended to render investment advice. None of the principles of Capex Administrative Ltd or Chris MacIntosh are licensed as financial professionals, brokers, bankers or even ...

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