Markets red all overDow down 1100, TSX down 600. That's a 10 day losing for the Dow, the first since 1974! Of course, when compared to the TSX, the Dow was incredibly over-valued. It was only a matter of time that a correction would happen. Even so, many companies remain remain at extremely elevated valuations with respect to profit and earnings.
Tesla has a P/E ratioo of 121, Apple is only 41, Nvidia is 52, Microsoft is 36, Amazon 47, etc...
On the TSX side, Enbridge is 20, Canadian Naytural resource is 12, TC Pipelines 13, Bombardier 17, etc...
In general Dow has higher valuations than the TSX, why? Mostly because Dow players have a higher risk appetite.
GGD taken down as well as most stocks. This December has been one to forget. We can look forward to a positive January as stocks in general will be great value.