It really is all about prices and earnings, isn't it?

 It is late at night and I should be sleeping not writing in my blog but I want to put down an idea knocking around my head. That idea is this:

The P/E or "price earnings ratio" is the most visible and lasting metric in the stock market because it represents the time-value nature of the whole endeavor and what really drives this whole enterprise - earnings. Profits. Valuing future income streams.

What equity investors bring to this endeavor the ability to estimate growth and whether or not a stock has that growth priced in yet or not. As long as there are investors and there are tomorrows this will probably go on.