Schweizer

This Market's Rising Tide Isn't Lifting All Boats

This should clear up where we are headed next:
i39.tinypic.com/2gxeha...

The SPX PE is now 63 based on the latest Standard and Poors GAAP earnings, and earning are not improving looking forward.
Major bear market lows have always been made at a PE under 10.

Here's another clue, long term INDU:
i43.tinypic.com/34px9j...

It's all rather obvious.

Say goodnight Gracie, show's over.

Pullback Time? There's No Better Predictor than Credit Spreads

Neither showed the credit spread situation or a correlation to the title of the article. Come on.

Global Stock Markets: Highs, Lows and What to Expect in 2009

It's pretty clear the pros aren't buying. They are selling to the usual victims with the help of the Wall Street media.

The November low was a panic low and not a capitulation low. Capitualtion is when no one wants stocks, period. With the latest EPS forecast for SP500 earnings now at $42, and a Bear market bottom of a PE=8 (based on the last 4 big recession bottoms), the SP500 could/should see 42 x 8 = $332 in 2009. Perhaps we will see capitulation then.

Irate Icahn - Fast Money Recap (9/19/08)

Using more debt to cover other debt is a fool's game. Congress is debt addicted and in need of rehab. Let the lenders fail as other businesses have failed when risks don't pan out. Newer, better banks will emerge if the corrupt ones are allowed to fail.