Why are people buying Amazon at these crazy PEs? – The Wall Street Journal

The US bull market is getting pretty long in the tooth, and at this point in its history, it owes most of its power to just a handful of shares – Amazon, Facebook, Google parent Alphabet, and a few other tech stocks.

The US bull market is getting pretty long in the tooth, and at this point in its history, it owes most of its power to just a handful of shares – Amazon, Facebook, Google parent Alphabet, and a few other tech stocks.

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