Same can be said of market valuation in 99/00.
And just like at that time people are looking for adjusted valuation measures and all type of excuses to justify unrealistic growth expectations.
Like ALL previous bubbles it will end in tears.
And just like at that time people are looking for adjusted valuation measures and all type of excuses to justify unrealistic growth expectations.
Like ALL previous bubbles it will end in tears.
Apple has been in 20%+ range for over a decade, Alphabet in the 25% range, Microsoft is hitting 30% regularly, and Facebook is at nearly 40% for the last 5 years.
For Amazon, I can only assume investors are factoring in huge profit margins for AWS since it seems to be singlehandedly marching Amazon’s profit margins from near 0% to 6% in the last 6 or 7 years.
Feels like a different level of profit than in previous decades.