I guess we’ll have to get used to more reasoning like this as the perma-bulls justify ever-increasing multiples going forward (not implying BR is one, BTW). I am not convinced by the, “Hey, it’s cheaper than the biggest bubble in history levels” argument, but perhaps that’s just me.
I guess we’ll have to get used to more reasoning like this as the perma-bulls justify ever-increasing multiples going forward (not implying BR is one, BTW). I am not convinced by the, “Hey, it’s cheaper than the biggest bubble in history levels” argument, but perhaps that’s just me.