Declining earnings estimates for 2024 and 2025 may lead to lower stock market valuation multiples.

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If $spx earnings estimates for 24 and 25 are rolling over, the multiple will need to contract. pic.twitter.com/WCBTrdsRCv

— Michael J. Kramer (@MichaelMOTTCM) September 24, 2024

See also MSM: "Humanoid robots could create a $7 trillion market in the next 25 years, say Citi analysts!"

The Stock Market Could See A Sharp Pullback This Week https://t.co/Cj5LMVRzRq #MACRO: $SPY, $QQQ, #RESERVES, #MARGIN

— Michael J. Kramer (@MichaelMOTTCM) September 22, 2024

See also Financial media exposes Michael Saylor's $MSTR stock promotion as a Bitcoin cult scheme. Steve Weiss calls Bitcoin an investment driven purely by momentum, with no intrinsic value.

So The Economy Now Depends On Stocks Which Depend On Front-Running The Fed… And This Is Fine? https://t.co/1PTjmKM1ix

— zerohedge (@zerohedge) September 24, 2024