TEK2day

Operating at the Intersection of Technology and the Capital Markets

Tag: market cap

  • Stocks Are at A High. Labor Participation Is at A Low.

    Whether one measures EV/Revenue multiples, EV/EBITDA multiples, Stock Market P/E multiples or various other measures there is no doubt the market is frothy and that certain sectors are firmly in bubble territory. Two trends are troublesome. The first is that the Market Cap to GDP ratio (measured by the Wilshire 5000 index to Nominal GDP)…