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  • Essential Investment Tool: Basic Economic Literacy  [View article]
    great article and comments. knowing too much about economics makes you blind to the market. the market does what the market does.

    the bottom line here is are stocks cheap based on p/e ratios. a good company can be profitable in good or bad times - look at wal-mart and mcdonalds. unfortunately, most companies were not positioned properly for this downturn - and ignored economic indicators of the economic hell we are entering. this means the p/e ratios will deteriorate making most stock values 'expensive'.

    unfortunately, there is no analysis or rating agency that looks at the mechanics within the company to independently judge the technical aspects.

    there does not have to be a linkage between profitability and the economy - but unfortunately there almost always is.
    Dec 28 21:20 pm |Rating: +3 -2
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