Michael Eisenberg

Let's Put Monday's Market Rally in Perspective

Right on. And I would add that we get real rating agencies or other types of accurate debt rating.


On Mar 24 01:57 PM Fred Voetsch wrote:

> An excellent article that I believe is very pertinent to our current
> situation.
>
> Ultimately the stock market lives on eanrings and earnings are negative
> for the first time in the history of the S&P 500. The last time
> we saw negative earnings was during the very time mentioned, in the
> early 1930's.
>
> At some point the economy will rebound and earnings will rise once
> again but until then astute investors are wise to deal with REAL
> earnings and not fall for all the misinformation out there, an example
> would be the 11 P/E ratio that Bloomberg showed on their weekend
> ticker or the 16 P/E ratio that the WSJ is showing on their site.
>
>
> Those are based on Q3 earnings and 12 months trailing while Q4 earnings
> are 99% complete:
>
> www2.standardandpoors....;br/>
>
> ...and that gives us a P/E ratio of over 50 for the S&P 500 and
> it is estimated to go much higher. If estimates hold (not likely)
> then it will eventually drop back into the 20's, which means the
> stock market will only be 1.5x over its long-term historic mean average
> at a time when it should be considerably under.
>
> For more info on this I suggest
> www.decisionpoint.com/...
>
> Best of luck to you all.
>

With Intel's Disappointing Results, The Bull Market Has Ended

That's funny. I thought it ended when Blackstone went public. That was the top!