j-dub

Pay No Attention to the 140 P/E Behind the Curtain

We might see the beginning of the end for this bull run because:
Goldman's surprise beat was less than expected, however.
If this statement makes sense to you, then..................... so does a 140 PE and this pullback should be viewed as a buying opportunity.


THE MOST CONVOLUTED MARKET IN HISTORY?

Why This Rally Will Continue

Many more reasons for the markets to rally are listed right here, like it or not.


beginning of month = rally
end of month = rally hard
end of quarter = rallying too hard for words
California BK = fiscal rejiggering
Michigan next in line = never mentioned
CRE depression = REIT's explode higher
Housing JUNE sales edge higher = housing is rebounding(again)
GS front running trades = liquidity preservation
Banks own congress and the Fed = bank rally
consumer is insolvent = consumer is saving
mass layoffs = across the board earnings' improvement
earnings are not improving = earnings are beating street's expectations
STILL no jobs created= the consumer is temporarilly retrenching
deflation = bull rally
expiration of unemployment benefits = unemployment is abating OR
contracting(either will do just fine)
Isn't our economy consumer based? = don't ask, don't tell consumer IS 70% of economy = rebound will be business based
low interest rates = good for stocks
high interest rates = great for stocks
collapsing dollar = buy stocks
rising dollar = not gonna happen
$10 frozen dinner = sure sign of recovery
CIT BK = HUUUUUUUUGE RALLY
CIT not yet BK = reason to be bullish
Bank failure Friday = stabilization
oil @ 50 = recovery is close
oil at $70 = recovery is incredibly close
oil at $90 = starting to recover
oil @ $110 = sign of increased consumer spending
oil @ $5 = boon for Joe Consumer
Gas @ $2 = tax break
gas @ $3 = mustard seeds for economic recovery
gas @ $4 = depression :)
Gas @ $1 = not in our lifetime
employment @ 10 % = better than expected
employment @ 11% = as expected
employment @ 12% = not unexpected
employment @ 13% = could have been expected
real unemployment right now @ 17% = never discussed
real unemployment @ 22% = market could correct from here
stealing from our grandchildren = stimulus
stealing from our great grandchildren = "cash for clunkers is a huge
success"
government buying people cars = economy showing signs of life
economy is already dead = S+P 1000, DOW 10k
bear market rally = NEW bull market rally
no basis for NEW bull market rally = dis-included in pumper's handbook

10% unemployment
effects of socialism
depressionary states
higher taxes = THE NEW NORMAL
oppressive government
social unrest
decending to mediocrity


AND IF ALL ELSE FAILS(which probably will):

WWIII = TANGIBLE MANUFACTURING GREEN SHOOT

Market Cycles: A Look at the Historical Evidence

Wall Street's NEW reality 8/09


beginning of month = rally
end of month = rally hard
end of quarter = rallying too hard for words
California BK = fiscal rejiggering
Michigan next in line = never mentioned
CRE depression = REIT's explode higher
Housing JUNE sales edge higher = housing is rebounding(again)
GS front running trades = liquidity preservation
Banks own congress and the Fed = bank rally
consumer is insolvent = consumer is saving
mass layoffs = across the board earnings' improvement
earnings are not improving = earnings are beating street's expectations

STILL no jobs created= the consumer is temporarilly retrenching<br/>...
deflation = bull rally
expiration of unemployment benefits = unemployment is abating OR
contracting(either will do just fine)
Isn't our economy consumer based? = don't ask, don't tell consumer IS 70% of economy = rebound will be business based
low interest rates = good for stocks
high interest rates = great for stocks
collapsing dollar = buy stocks
rising dollar = not gonna happen
$10 frozen dinner = sure sign of recovery
CIT BK = HUUUUUUUUGE RALLY
CIT not yet BK = reason to be bullish
Bank failure Friday = stabilization
oil @ 50 = recovery is close
oil at $70 = recovery is incredibly close
oil at $90 = starting to recover
oil @ $110 = sign of increased consumer spending
oil @ $5 = boon for Joe Consumer
Gas @ $2 = tax break
gas @ $3 = mustard seeds for economic recovery
gas @ $4 = depression :)
Gas @ $1 = not in our lifetime
employment @ 10 % = better than expected
employment @ 11% = as expected
employment @ 12% = not unexpected
employment @ 13% = could have been expected
real unemployment right now @ 17% = never discussed
real unemployment @ 22% = market could correct from here stealing from our grandchildren = stimulus
stealing from our great grandchildren = "cash for clunkers is a huge
success"
government buying people cars = economy showing signs of life
economy is already dead = S+P 1000, DOW 10k
bear market rally = NEW bull market rally
no basis for NEW bull market rally = dis-included in pumper's handbook

10% unemployment
effects of socialism
depressionary states
higher taxes = THE NEW NORMAL
oppressive government
social unrest
decending to mediocrity


AND IF ALL ELSE FAILS(which probably will):

WWIII = TANGIBLE MANUFACTURING GREEN SHOOT

Fair Value for the S&P 500? Tell Me Lies, Sweet Little Lies

Ten reasons not to be short the U.S. stock market
1)Stress tests conducted by our independently-minded government showed that "WITHOUT A DOUBT, BANKS DON'T NEED MORE THAN 75 BILLION." Not one cent more!!!

2)Housing showing signs of stabilizing and will bottom ANY HOUR NOW

3)Obama will create 5 million jobs(speaks for itself)

4)I saw a crowd of people hangind around by California Pizza Kitchen this Sunday that just two months ago WERE NOT THERE!!!

5)#4 shows that the consumer is showing confidence Ron Jeremy couldn't match-I mean, A WHOLE CROWD!!

6)The government knows what they're doing

7)The stimulus plan's money is making it's way through to poor institutions that unfortunately got caught up in this mess like banks and auto.

8)Market is rallying and we will see DOW 10k by the end of the year.

9)The recession is over- Today 9 guys on TV told me it was (just wish I still had my job, but no one gets everything they want. BUT AT LEAST THE RECESSION IS OVER)

10) Most of the crisis probably never even happened. Don't believe everyone you read or see on TV-trust me on this one.