Already down from 16,212 to 10,646. ๐๐ญ #personalfinance #investments
not even close to bottom
What do the numbers means?
Think of it this way. When the rate hike forces demand down, revenue will be down across the board. The current valuation is measured against past revenue not future revenue. When most people think they know the bottom, theyโre assuming future revenue will remain constant, but thatโs not the case. Technically, there is no bottom with shrinking demand.
4200
4242