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  • Barron's Calls a Bottom [View article]
    Didn't 10 out of 10 Barrons analysts predict that stocks would go up in 2009? I believe that was when the market was at 8500.

    Most of the points mentioned are bogus. S&P Earnings look cheap because the estimates are too high. Gold looks cheap so buy gold. The past is not an indicator because we have never had a financial system meltdown with exponentially expanding losses thanks to the derivatives markets.

    Nothing will improve and things will get worse until the financial system is allowed to crash and burn and is then replaced with new banks with clean balance sheets and no derivative exposure.
    Mar 09 12:02 pm |Rating: +13 -6 |Link to Comment
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