David White: El-Erian says market participants will now look more strongly at fundamentals. If so, X seems likely to go down. FY2010 PE is approx. 44.
about 10 hours ago
David White: X also near its top Bollinger Band at the end of the day Wednesday (after a rally from its bottom Bollinger Band). Likely to go down.
about 12 hours ago
David White: X slated to lose over $10/share in 2009. Current predictions for FY2010 are $.96. That puts FY2010 PE at about 45. Much too high.
about 12 hours ago
David White: Materials stocks that soared on optimism, without strong fundamentals such as X, may get hit hard by Dubai. X technically ready for pullback