If we break the 600's on the Big Q we're dropping straight to 540. I'm hoping we bounce here soon or things could get real bad for us over leveraged regards.
The episode "[Don't Make Me Over](https://www.google.com/search?q=don%27t+make+me+over+family+guy&client=firefox-b-d&sca_esv=625717d0e0484ac3&sxsrf=AE3TifOUvhEVNQpWf8mvJY8c-IdaJg4aAQ%3A1762530710242&ei=lhUOafHCDp-g0PEPzbv2oAY&gs_ssp=eJzj4tVP1zc0TEo2jTdPMjUzYPSSTcnPUy9RyE3MTlXITVXIL0stUkhLzM3MqVRIL60EADzvDrM&oq=Don%27t+Make+Me+Over+fa&gs_lp=Egxnd3Mtd2l6LXNlcnAiFURvbid0IE1ha2UgTWUgT3ZlciBmYSoCCAAyCxAuGIAEGJECGIoFMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yBhAAGBYYHjIGEAAYFhgeMgYQABgWGB4yCBAAGBYYChgeMggQABgWGAoYHjIaEC4YgAQYkQIYigUYlwUY3AQY3gQY4ATYAQFIgw9QOliXBnABeAGQAQCYAX6gAdoCqgEDMC4zuAEByAEA-AEBmAIFoAL6B8ICChAAGLADGNYEGEfCAg0QABiABBiwAxhDGIoFwgIOEAAYsAMY5AIY1gTYAQHCAhMQLhiABBiwAxhDGMgDGIoF2AEBwgIKEC4YgAQYQxiKBcICBRAuGIAEwgIKEAAYgAQYQxiKBcICBRAAGIAEwgIZEC4YgAQYQxiKBRiXBRjcBBjeBBjgBNgBAZgDAIgGAZAGE7oGBggBEAEYCZIHBzEuMy41LTGgB_stsgcDMC4zuAfsAsIHBzAuMS4zLjHIBxc&sclient=gws-wiz-serp)" (Season 4, Episode 4) is what you're looking for ;)
The trailing 12-month P/E ratio for [$SPX](https://x.com/search?q=%24SPX&src=cashtag_click) of 29.3 is above the 5-year average (25.1) and above the 10-year average (22.8)
let's get 10% correction and be over with it
AMD: 3rd q earnings per share up 39 % yoy. Shares up 64,92 % yoy.
Robinhood: 3rd q earnigns per share up 259 % yoy. Shares up 383,99 yoy.
Meta: 3rd q earnings per share down (83) % yoy. Shares up 10,11 % yoy.
And this has been going on for a couple of years already. Now it doesn´t make sense to simplify it like that. But neither is your argument valid in it´s breadth.
Tullip traders were fine when the bubble burst. It was people speculating on ever increasing value of tulips who would have gone bust if the deals hadn´t been declared void.