### Comment:
A 13.6 forward p/e really isn't that low. Especially if your earnings forecasts are wrong, which is precisely what everyone is worried about right now. Many companies are already starting to show slowdowns in earnings growth and, with the larger market being very over leveraged, increasing interest rates certainly aren't going to help that equation.

### REPLY:
What’s impressive to me is how companies have been able to still hold on to positive growth with such a looming surge in production costs lurking in the shadows.

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