[smaryjerry]

P/E ratios have been pretty insane lately and just came back down to earth and I think your right that interest rates have a lot to do with stock price valuation of growth stocks but it’s not just growth stocks taking a beating right now. Why not grab a safe 3% return investment instead of a risky 6% return investment - or if both are 10% in your example I wouldn’t even consider that a value stock because it would be riskier with no reward. Of course a lot of the growth stocks have negative eps so near impossible to use this measure.