This chart is a great illustration of price leading fundamentals
This chart is a great illustration of price leading fundamentals (investors anticipate changes/improvements).
But 2 issues:
1. The gap between price (market cap) and fundamentals (earnings share) is large.
2. The 2000's bubble shows how quickly the justification for high valuations can fade.
...it always starts with a good reason, and then ends when things get unreasonable!
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There's a lot going on in the world lately + many things to be rightly concerned about...
But let's keep this simple: Global Equities are in a Bull Market.
(more countries are seeing rising stock prices than not)
Facts is fact.
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