At this point I’d think higher interest rates have knocked many overinflated stonks down to a reasonable level (at least based on the bloodbath that is the tech stock market over the last few months), that’s not to say of course that other risks haven’t been adequately priced in… like the most valuable company in the world for instance being hugely dependent on the manufacturing of a geopolitical competitor to the U.S.
At this point I’d think higher interest rates have knocked many overinflated stonks down to a reasonable level (at least based on the bloodbath that is the tech stock market over the last few months), that’s not to say of course that other risks haven’t been adequately priced in… like the most valuable company in the world for instance being hugely dependent on the manufacturing of a geopolitical competitor to the U.S.