RE:RE:Pe ratio goldstocks vs stock market starsFavill that is true lol.There used to be 2 types of behavior .Sense and nonsense. Sensible behavior would be spending a days pay on a new phone and paying fair value for most things based on value not speculation. Now a months pay for a phone is deemed reasonable and buying stock with pe ratio of 300 is acceptable.Eventully the consequences of nonsense appear it just takes longer when you have more people who accept it as normal