You can buy low p/e stocks that never change valuation. Though Apple is an example of a low p/e stock that did go to a higher p/e. It was a tech stock though.
Guys, these days anything is possible. I doubt anything will shock me after this year, trading related. Just remember, even Musk said when TESLA was around 700, that valuation is ridiculous. We are 3 times higher since then. The fall will be just as epic.
It gets even better, TSLA will split 5:1 and then rally back to $5000 post split price $500 to $5000 after the split. Market cap $5 Trillion And AAPL will soon hit $10 Trillion on way to $100 Trillion by end of the decade. HyperInflation!
And the silly talking heads say there isn't any inflation. Yep market caps that will literally be 50 to 100% of our GDP!!!!! It will breathtaking and something that will be more magical than anything ever witnessed before.
Hey blame that on the fed. The fed has once again created yet another upside down economic unsustainable boom just so that the elite can stay elite. The gap has never been wider in human history.