Subject: Re: OT Grantham Sounding AI Alarm
I'd wager a small amount that to-the-degree extremes up in earnings will be met with similar down ones. Market likewise.

One of the issues that's going to confuse people yet again with things powerfully cyclical is that when the growth is extreme and the PE's are single digit, even 5 and below, that's when the stocks will be most over-valued.