submitted 3 years ago* (last edited 3 years ago) by CodingAndCoffee@lemmy.world to c/finance@beehaw.org

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Honestly, the whole market feels grossly overbought right now. 🤔

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[-] investorsexchange@lemmy.ca 1 points 3 years ago

Grossly overbought? Why do you say that? The average P/E is near the long-term average, although a few stocks are bringing it up.

[-] CodingAndCoffee@lemmy.world 1 points 3 years ago

SPY normally returns 15%ish and is up nearly that 6 months into the year. Things are overheated.

[-] Woozy@lemmy.fmhy.ml 1 points 3 years ago

SPY is still down since Jan 2022. It'll have to surpass that (and be rising quickly) before it feels too hot for me.

this post was submitted on 14 Jun 2023

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