Why not have a tag line? MAKE TECH VALUE AGAIN
What I mean by all of this is if we simply have mega tech go sideways for nine months the forward earnings are so strong, so huge, that multiples will go down naturally. Or in other words, the earnings catch up with the price. And really, people think this war with Iran will go away soon. I'm not so sure.
I lay out my strategy for the year - because sometimes cheap becomes dear and dear grows into the multiple.