NOT EVEN IN 2000 BUBBLE TIMES WE SAW P/E RATIOS THIS HIGH
This will end very badly in the markets, hopew it happenes soon enough to get speculators out, and get real people buying stokcs again. They want to attract reatil crowd at the top, but money is flowing out with lower volume each day, no mor fools left
Stock price of a company is determined by how much people is willing to pay for it. $49.11 is today's market value and people are willing to pay for a share of the company. So fundamentals don't really mean anything. An you are wrong, there were much higher P/E ratios back in 2000.
FB's PE is insane. That's why it is such a great short. I trade it all the time, but look forward to earnings that will prove current and recent price bizarre and manipulated. What an insane manipulated circus, as time goes by, the truth will be exposed alike ENRON.