In case you've been asleep under a rock lately, let me catch you up: Markets are in the midst of an epic bubble that is being ignored by investors at their peril.
At 21x GAAP earnings (which are inflated by low interest rates, low corporate tax rates, and sluggish wage growth), the S&P 500 is trading just below the 24x PE it reached during the Internet Bubble. The S&P 500 rose 9.5% last year without profits increasing for the second year in a row. The index hasn't seen a decline of 1% or more in 84 consecutive trading sessions, a feat last seen in 2006 and before that in 1996.
If investing were really this easy, everyone would be rich.
But sadly, all of this is an illusion and it is going to end badly - very badly.
Especially for companies like these two.