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<p>[QUOTE=&quot;GoldFinger1969, post: 26058921, member: 73489&quot;]Stocks are not cheap for sure...but they aren&#039;t anywhere near as expensive as in the past.</p><p><br /></p><p><b>The Mag 7 are really wonders. </b> Their profitability and ability to withstand economic downturns makes them light-years better than the Nifty Fifty (1973) or Internet Darlings (1999) of the past.&nbsp; If you exclude the Mag 7, the S&amp;P 493 are selling in the middle of the pack valuation-wise.</p><p><br /></p><p>I wouldn&#039;t load up here but it&#039;s not a bubble.&nbsp; <b>Profitability and ROEs and ROICs are much better than 20 or 50 years ago -- it&#039;s not even close.</b>&nbsp; The leaders in the past were Kodak, Polaroid, GM, U.S. Steel, Cisco, EMC, Intel.....today, it&#039;s NVDA, MSFT, GOOG, APPL, etc.</p><p><br /></p><p>The quality of earnings, their moats they have erected to protect their businesses, it&#039;s really amazing.&nbsp; Check out the S&amp;P 500 weight of the 10 largest stocks chart (below).</p><p><br /></p><p><b><i>We have 7 or 8 trillion-dollar market cap companies....Europe has NONE !! </i></b><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p><b><font size="5"><span style="color: #0000ff">For quick and easy charts to see where we are valuation-wise, this is outstanding:</span></font></b></p><p><b><font size="5"><span style="color: #0000ff"><br /></span></font></b></p><p><a href="https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-the-markets/mi-guide-to-the-markets-us.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-the-markets/mi-guide-to-the-markets-us.pdf" rel="nofollow">https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/market-insights/guide-to-the-markets/mi-guide-to-the-markets-us.pdf</a></p><p><br /></p><p><b>It should load automatically but if not....</b>Goto the download button and download it (no need to login or register your email).&nbsp; You can grab a PDF or PowerPoint (better) and scroll very easily through the charts.</p><p><br /></p><p><b><span style="color: #ff0000">Key charts are on Pages 4, 5, 9, 10, 11, 12 and others.</span></b></p><p><b><font size="5"><span style="color: #0000ff"><br /></span></font></b></p><p><b><font size="5"><span style="color: #0000ff"></span></font></b>[/QUOTE]</p><p><br /></p>

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