This is what I freaking hate about this market. It's always the "yeah but what about NEXT YEAR?! Yeah I know they guided well, but what about us speculating on like 5 years down the road?"
Every FREAKING TIME. These bears talk about the market being disconnected from fundamentals, and I somewhat agree. But I think it's disconnected in that they totally brutalize high value stocks, and chase these ridiculous P/E stocks. Why is AAL/JBLU/LUV trading like they are? Ford? GM? GILD? It's INSANE. Especially when they pushed the FANG stocks up to insane highs last year. Instead of rotating back to value, they just crush them even further.