The Treasury should not be allowed to buy/trade equities. The FED should not be allowed to buy/trade equities. And banks (GS in particular) should be limited in their ability to buy/trade equities.
These 3 are too large to allow a fair value to be set.
Or are they already trading illegally but there is no one with balls to stop it?
With forecast S&P500 earnings, as published recently by the S&P of $42 for 2009, and an average Bear market PE of 8, we will trade at $332 in 2009. How in hell can anyone say we will be up???
Chevy Volt Debuts to Enthusiasm in California [View article]
The world needs a $15K electric car. At $40K, it's a novelty. The $25K difference can buy 9000 gallons of gas which provides 225,000 miles of driving, equal to 10 years of average driving. Who was the dope who ran the numbers at GM? Clearly this is a novelty and little more.
Why This Rally Is Unsustainable [View article]
The FED should not be allowed to buy/trade equities.
And banks (GS in particular) should be limited in their ability to buy/trade equities.
These 3 are too large to allow a fair value to be set.
Or are they already trading illegally but there is no one with balls to stop it?
Markets Should Rally in 2009 [View article]
With forecast S&P500 earnings, as published recently by the S&P of $42 for 2009, and an average Bear market PE of 8, we will trade at $332 in 2009. How in hell can anyone say we will be up???
Who pays these clowns? Who pays you?
Tuesday Market Preview: Down Further? [View article]
$BPSPX (Bullish percent) is not indicating a turn here. We WILL drop.
Chevy Volt Debuts to Enthusiasm in California [View article]