United Communications Partners Inc (UCPA)

[michaelmcl]

This is one of the worst straw man arguments I've seen in a while. Ecommerce and marketing are not one in the same, quite the contrary. And yes, maybe the DJIA and S&P are sitting pretty high, but those represent less than .1% of public stocks, and are hand picked as some of the most prolific stocks. While they may historically have been a good representation of the overall health of the stock market, at this point they're pretty far removed from reality.

https://www.multpl.com/s-p-500-pe-ratio/table/by-year

Take a look at the other recent era we saw incredibly high PE ratios.