RE:RE:RE:Pe ratio goldstocks vs stock market stars 1st day on the job they probably tell the MBA certificate holder that volume of new money in regardless of pe ratios is what he needs to worry about to keep his job.Market corrections are healthy and keep the elderly out of the markets making zero interest in their bank accounts so we can lend it out and make 3 pts on every dollar.If economy turns bad and the money lent out starts to not be repaid and the elderly line up to withdraw their money before they realize their money is not there and lent out the tellers and machines are a couple days away from shut down whien the govt wires the banks the cash before the depositors riot and the bank shares head towards zero.If the fed interest rates go up a few pts first sign of economy slowing down and less new money coming into the system the fed takes interest back to zero and the elderly get zero on their bank accounts once again and the default on the loans and mortgages stop to keep the markets from dropping any more and reset the ponze scheme cycle before the paper chase reaches a point and reveals 50% of the paper is worthless .Ponze scheme propped up on the backs of the elderly with no time horizon to wait out the paper chase because the ponze intervention by the govt will take longer to reset again because of inflated valuations considered normal were used in determining the risk reward ratios used in the home mortgages and margin accounts that use the investment account portion of the ponze to determine both.Gold is seen as no longer as valuable as a paper chase that half the pile is basically worthless if the ponze can't be propped up anymore.At 30 trillion and soon to be 2 trillion debts in the USA and Canada not factoring in the state and provincial debts the govt has hit the wall that will prevent the prior degree of manipulation it took to keep the ponze afloat for last 50 years .They are playing down what that wall which if reached was once recognized as a problem and the debts and money printing complacency even dismissed the record inflation during a pandemic .It's here and the ability to hide it will become harder each day until it shows up in the budgets and credit rating agencies scramble to rate the countries in a unprecedented debt levels no longer sustainable. Gold will be all that is left to hedge the pain that is on the horizon