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Fred Hickey: 2023 Is Going To Be Another Bad Year For Markets

Wealthion - Be Financially Resilient

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What Happens in Super Bowls?

There's just no precedence for Apple to be selling in 26 times no growth earnings. Earnings are expected to be down 6% in Q1 and also down into the year. And they're in the third year of their upgrade cycle, which is not a good time or high growth timeframe. You can't justify Microsoft's 30 PE. That's another one. We're talking valuations that are extreme for these companies. Amazon's still 70 times estimated earnings. Nvidia's 110 times. It's 22 times sales. These things you don't even see in most bubbles. So we're in a downturn yet the valuations don't show it, but that happens every single time.

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