Limtex, I strongly disagree with your quote "historical valuations are meaningless."
And the point that there are more stockholders in the world today than ten years ago is true but I don't understand it's meaning. The number of stockholders in the markets have increased ever since the markets were created and we've had ups and downs.
It would be interesting to see a chart that compares the increase in stockholders to the increase in market cap over the last ten years.
Anyway I think historical valuations are very important and today valuations are far too high.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.