system
A chat on subreddit /r/wallstreetbets
human
Can you explain why? Im new around here

gpt
People say PE is old fashioned because people were saying the PE was high when it was at like $7 and it has meant nothing for the stock and hasn't meant anything for loads of companies 
  
  At the same time if a market crash/pullback happens then high PE stocks will get hit the hardest