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The Investors Podcast - Alphabet and Amazon - Part 3
I wouldn't be surprised at all if either of these two companies have really depressed earnings in 2023 and it pushes their stock prices even lower. When looking at Alphabet, for example, and what looks like a relatively low PE today, we need to consider that those earnings in the future may decline. I guess that's my way of saying to be prepared for a potentially bumpy ride with these two companies as the market is a voting machine in the short run and a weighing machine in the long run.