Bespoke again provides us with an interesting chart, this time illustrating how low the price earnings ratio of technology stocks has fallen. This is a very interesting observation though I would like to see the time period covered extend back much further since 1995 was well into the bull run from 1982. i also would add PE ratios are not always useful timing devices since the ratio can rise for two reasons, rising price which is a good thing, or falling earnings which is not. Nevertheless low PE ratios in general reflect some increased margin of safety for purchasers of stocks.
Bespoke produces a lot of free content but they also produce substantial content for subscribers to their research. Today they have a post showing some of the subscriber content from the past week.
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