The stock is now trading at 42 times next year's earnings estimates, a huge discount to where it has traded over the last six months.

We've now changed the valuation of the stock market quite a bit, ... If anything, the earnings estimates have been going up and stocks have been going down. The price-to-earnings ratio on forward earnings is now down to about 15 times, which is very low relative to interest rates and inflation at the present time.

isn't really baked into earnings estimates.

The art of stock trading is the best invention ever invented by man for money making.

The biggest tool a trader needs to trade in the stock market is observation,just the way Isaac Newton observed & reasoned why the apple should fall downward.

As history always repeats itself,so also does the share price of a company & that's how traders make money.