[rawtxapp]

For sure, but then you have to understand and research what you're investing in. We also end up with sky high (in my opinion unjustified) P/E ratios just because money doesn't have elsewhere to go and it creates all kinds of wild inaccurate pricing imo.

In this world where the currency doesn't depreciate like ~95% over a 100 year period, only investments which make sense will get money thrown at them.

[NicoJuicy]

Depends on the forward P/E, how much market share the company can take and the position they are in.

If the P/E is high, it mostly has to do with what i mentioned and your are late to the "party".

But high p/e stocks != Fiat money as the op mentioned.