Subject: Re: Profit Margins
Regardless of fundamentals, stock prices are and Will continue to be set by supply and demand. Supply is going down because of my back and fuel companies going public because of a ton of private financing. Demand is going up due to the damned foreigners whose Mickey Mouse stock markets are perceived to be subject to more manipulation than the US stock market.
This chart is a bit old, but should give you an idea.
https://www.taxpolicycenter.or...