Name:   MAJ USA RET - Subject:   PE 178 Date:   5/17/2022 12:20:11 PM

Current PE (price to earnings ration):

TWTR        Twitter                          178

SO              Southern Company      34

NSC            Norfolk & Southern     20

Remember the day when you should have been reluctant to buy any stock with a PE above 10 ? (I do… Norfolk & Southern.) If the price of the stock is 178 times the earnings, then all you have invested in… is air.

If Musk buys TWTR at $54.20 per share, he’s buying a sack of air for which he’ll get 30 cents per share in earnings. I ask you: Would YOU buy this stock?

The stock market is way over valued. If you know this and can sleep at night… given your portfolio… then you’ll be okay. But, if you can’t handle a 30% or more loss without being ruined, then just hold on.   That’s right… HOLD. There is nothing YOU can do about it.