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Sentiment Rally
The Compound and Friends
What Is the Right Valuation Multiple?
Valuation is still kind of the primary focus. We came off of crazy valuation, right? And so it's easy to go, oh, the market's falling, you know, 30%. You know, some of the crazy stocks fall in 60, 70%. But if you kind of put in the background what a sort of normal valuation multiple given the kind of interest rate we have, it's got to be a lot lower,. Unless the Fed says we're going to go back to- Even though rates are coming down, at least at the intermediate term - well, look at the two-year!
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