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With price to earnings ratios at 22 this is certainly an over valued market unless earning suddenly skyrocket.
I was looking at that too, plus there's the thousand+ point slide in a month. No one believed last week's rally, it was the one last shot to sell if you'd bought low recently. I dunno, I think this time it's different.
For all the concerns in financial markets about the fiscal crisis swirling around Greece and the broader European economy, it's easy to forget that U.S. companies are celebrating impressive profits.
With results so far from 85 percent of the large-cap companies in the broad Standard & Poor's 500-stock index, earnings are up 56.5 percent in the first quarter from a year earlier. The average company beat the estimates of analysts surveyed by Bloomberg by 15.6 percent.
It's inevitable a system based on paper and fraud, run by con artists who don't mind destroying their own country to get some paper, will fall apart eventually. Perhaps we're getting nearer to that time...it will be painful to free ourselves of this monster but we really need to...
do a google search for "the coming market crash"
or the "market crash"
Um..your articles are from 2006-2007...
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