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"Pets-Dot-Who?"

By Tyler Durden
Created 11/20/2015 - 14:50
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 11/20/2015 14:50 -0500



 

You can manipulate earnings, but The S&P 500 is as expensive now on a cash-flow basis as it was at the peak of the dot-com bubble...

Cheap?

 

Just remember who is selling these stocks...

[2]

 

So who is the greater fool?

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-11-20/pets-dot-who

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/11/cum%20flows.jpg