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Glenn, I've going by P/E rations, which are not out of kilter. A few week correction is good for spot trading, but it is not a microcosm of reality. It is an anomaly caused by over-reacting.
Seems like most non-tech stocks have PEs in the 20s. Even T and VZ aren't under 10 anymore. Only ones that dont have crazy valuations are IBM, WFC, BAC, GS, CVX, XOM, and a few other outliers.
Currently I am not comfortable buying into this market unless I see volatility or bad news. It's way too overpriced.
I don't see a crash coming. I do think we'll stay within a small % of where the DJ is now. I think many are rooting for a crash for political gain, but corps are being run soundly now. The fluff is gone, which makes them able to react to even small swings far quicker, and that avoids catastrophe.
I don't see a crash coming. I do think we'll stay within a small % of where the DJ is now. I think many are rooting for a crash for political gain, but corps are being run soundly now. The fluff is gone, which makes them able to react to even small swings far quicker, and that avoids catastrophe.
That's cute. It's the same thing people say before every crash since the dawn of the NYSE. It's cyclical and it always will be.
I disagree in that with high p/e(s), plus far fewer overstaffed corps , corps are better positioned to handle swings with ease..than ever before. Corps learned a valuable lesson during the Great Recession.
Surely you were alive during this time. Who told you that this Act originated by Harry and Nancy?
Proposed by and led by (in to fruition) are two different things.
Pelosi:
Quote:
“The first of Democratic efforts are apparent. We provided a lifeline to save the auto industry and a million jobs.”
Pelosi:
Quote:
For example, the TARP bill five years ago, where the market went down 775 points or 78 points in one day because the Republicans refused to support their president, George Bush. Democrats had to produce the votes. So we have to recognize there's a difference of opinion in our country on the role of governance.
And right now you saw that they would – they would let the TARP go down the first time. We had to produce many more votes the second time, 170 votes. This time they allowed two weeks of uncertainty and definite shutting of government down. This isn't right. So at least we have to respect the responsibility that we have.
- See more at: NBC's Mitchell Fawns Over 'Master at Work' Nancy Pelosi Helping 'Save the Country'
I disagree in that with high p/e(s), plus far fewer overstaffed corps , corps are better positioned to handle swings with ease..than ever before. Corps learned a valuable lesson during the Great Recession.
Sub prime hurt bad, but non financial cops suffered too, as they were easy prey due to inefficiency. Notice when they cut 8 million josb corps did not stop functioning, which demonstrated most of those jobs should never have been created. How many trillions over how many years were lost due to over-staffing?
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