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Moon Kil Woong is a
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Good point. US going broke, not now not this time. We would see inflation not deflation if that was the case. But as the economy stays flat and the US keeps dumping inefficient money into the market then eventually you get wicked inefficiency which leads to inflation.
Nov 02 11:36 am
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All Comments by Moon Kil Woong »15 Thoughts on the Markets [View article]
Yes, saying the market is cheap is one of the dumbest statements anyone can make. They deny the efficient market theory and they assume they have a crystal ball of real facts. In fact, no one can say where earnings are headed by this time next year. If everyone is making 50% less profit then gee, the market is more expensive than it was a year ago when the market was at 14,000.