Interest Rate Effects on Equities: Valuation Impacts

Yeah, yeah. I don't buy the speculative growth of these companies. You're telling me these companies are collectively going to go from a P/E of 38 to say, a P/E of 80? I doubt it. Oh, and all of them have colossal amounts of debt.

Most valuations I see today aren't even justified on a FCF basis! And certainly not for someone looking to buy 20% below fair value.

Of the companies that I can think of that are closer to fair value, their market shares are being eroded by competitors, or their earnings growths are less than attractive.