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Walmart is now at a 34 Trailing PE, vs its historic average of 13. It’s guidance for this year is to earn $14 Billion. That’s almost $3 Billion LESS than 2015, yet the stock price is up 50% since then. Microsoft is at a Trailing PE over 50 vs historic avg of 12. Are you getting it now? This is how you have a never ending bull market. Overvalue everything, by 2 to 4 times the norm , and have a buyer of last resort (Fed and Institutions) always step in when prices fall (ABTD). Just think, in a few short months you might be able to buy WMT trading at a 40 multiple! What a bargain. Buy high, and sell higher is the only game in town.
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