No. of Recommendations: 0
It's true that the Fed's QE is keeping interest rates low and that is affecting fixed income investors, and perhaps those investors are looking for returns in stocks, but if that were the case then PE's would be higher.

There are some high flying PE stocks, AMZN, NTFX to name a couple, but the average PE in the DOW is 16. When we were in the .com bubble it was 44.

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