squawk

Despite Its Recent Run-Up, The DJIA Isn't Expensive

Re: "but this market is WAY OVERSOLD." Presume you meant to say "WAY OVERBOUGHT."

Fellow alum.


On Jul 25 01:30 PM HATEFEEBAY wrote:

> As a trader that trades nearly $10 Million a month in my home, I
> am literally buying physical silver, silver stocks and DXD against
> the DJIA. This is CLEARLY a bear rally, no forward earnings, unemployment
> increasing where revenues will shrink, the US printing money both
> literally and figuratively monetizing the debt to levels not seen
> in history, the US dollar is GONE, I want nothing to do with it and
> I am an American, a very scared one. Finance is my gig, Wharton Alumni
> Class of 2003, look me up and one that has done well even in this
> mad market, but this market is WAY OVERSOLD and it should be at 7000
> IMHO and I am shorting it because of quantifiable metrics will come
> into play and this economy will tank thanks to Obama and Company
> and all their idiotic policies. Going forward, I will not live in
> the US much longer and I have been overseas a lot and this country
> is socialism and rewarding people for not working-a very sad time
> in our country, perhaps the saddest yet. Gary