Nasdaq Valuations Look “Higher Than A Hippy Giraffe”

The U.S. market is pricey. The kind phrase used to describe this is “priced to perfection.” What kind of perfection that is does not get explained. So, I admit it: I come from a stock environment where 1x sales is the norm for a solid boring company, 1.5x is a strong ratio, 2x is a trifle steep, and …