Why talk about "forward PE's? ..... why speculate on earnings when this downturn wasn't even suggested by 99% of all economists? ... Look at where we are today... a dow of 9400 and a PE of near 21-23.
That ladies and gentlemen, is so severely overbought, it ain't funny. I'm so very short, and will be until we see a 10-15 range PE.
From Obama's weekly address: "When we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I’m concerned, we will not have a recovery as long as we keep losing jobs. And I won’t rest until every American who wants a job can find one." [View news story]
Bush and the GOP created this Mess. Obama is doing a good job trying to clean up their pooh.
Roubini's Clarification, Comments on the Economy [View article]
I like Roubini, but there is too much contradiction in this opinion of his.
"The market will not test the lows of March (the levels of which were pricing in depression), but could see a sell-off below current levels and the March lows if his forecast of downward surprises in economic data come true (which he still expects to happen)."
What the hell does that mean? How do you NOT retest the march lows but see a sell off below current levels AND the March lows?
Friday's Closing Update: Limping to the Close [View article]
I'm shorting the market and especially financials. Volumes are abysmal and I think GS and the Fed are done pumping and getting ready for the dumping. What crooks both.
The volumes have told the story. I also follow David Rosenberg who is a genius IMHO. This is a well thought out and balanced piece.... thank you John!
GS, MS and the Fed did a stunning job in running up the market so that the failed banks could suck some capital out of the average Joe. CNBC is always glad to do their part to sell hype with the likes of Kernen, Crammer and Kudlow who have cost the little guy billions with their wild assed guesses.
The Stress Tests: Designed to Help Banks Raise Capital [View article]
You know what hits me funny about this piece? .... these comments ( a governmental and bank Pump-N-Dump) have been talked about for at least a week on the yahoo boards yet no one, and I mean NO ONE sans Alpha calls these thieves out. In fact, as usual CNBC is banging pots and pans while they have the magpie Cramer yelling "buy...buy...buy" to an unsuspecting populace.
Those who buy any stock now are about to be burned. The old wall Street shill game is at it again and as usual, CNBC and Cramer lead the masses astray.
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Latest | Highest ratedThe Market Bubble Is About to Pop [View article]
That ladies and gentlemen, is so severely overbought, it ain't funny. I'm so very short, and will be until we see a 10-15 range PE.
From Obama's weekly address: "When we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I’m concerned, we will not have a recovery as long as we keep losing jobs. And I won’t rest until every American who wants a job can find one." [View news story]
Roubini's Clarification, Comments on the Economy [View article]
"The market will not test the lows of March (the levels of which were pricing in depression), but could see a sell-off below current levels and the March lows if his forecast of downward surprises in economic data come true (which he still expects to happen)."
What the hell does that mean? How do you NOT retest the march lows but see a sell off below current levels AND the March lows?
Fence riding to me.
The Rapid Decline in Bandwidth Costs Since 2005 [View article]
Sirius Bears Have Little Left to Lean On [View article]
Natural Gas: Long-Term Bull, Short-Term Bear (Part 1) [View article]
Unemployment Data: Are We Really Seeing an Improvement? [View article]
Friday's Closing Update: Limping to the Close [View article]
Wall Street Breakfast: Must-Know News [View article]
The Most Significant Green Shoot Starts to Wilt [View article]
Are We At a Tipping Point? [View article]
GS, MS and the Fed did a stunning job in running up the market so that the failed banks could suck some capital out of the average Joe. CNBC is always glad to do their part to sell hype with the likes of Kernen, Crammer and Kudlow who have cost the little guy billions with their wild assed guesses.
Cramer's Mad Money - Haven't You People Ever Heard of a Correction? (5/7/09) [View article]
A Summary of Q1 Bank Earnings: World, You Just Got Hustled [View article]
The Stress Tests: Designed to Help Banks Raise Capital [View article]
Those who buy any stock now are about to be burned. The old wall Street shill game is at it again and as usual, CNBC and Cramer lead the masses astray.
The Stress Tests: Designed to Help Banks Raise Capital [View article]