greenspan says stocks not in a bubble, hmmm

People's spending could be decided by the stock market, not the other way round.

 

I was thinking what if the market was falling just as much as it has risen in the last few years...

Ohhh that's right they would be halting the markets, having fed meeting left and right and literally pumping the markets with trillions and trillions of worthless dollars just like they are now ....see the difference....they don't care how high it goes, but when its falling faster than people can sell they step right the fuck in to prop it up...
This market in no shape or form a healthy one. Its very sick and you will only notice that after the next collapse follows...

 

Did you see that sharp fall today from 181.60 starting at around 12:30?

 

My favorite talking head -- Marc Farber -- thinks it is a bubble. When I say my favorite I regard the of them as entertaining and none of them as worth listening to. But Greenspan? I though we were done with him. Can we deport him? And, if not, why not?

 

Just a hint of the word taper has this market falling today....
Can anyone piece together the puzzle or is it still too difficult to understand that the only thing propping up the economy and market is cheap worthless trillions.

 

We get it, anything else you like to talk about ?

 

Russell 2000 trailing PE and forward PE are at all time high and is in a bubble. I will cover my short position in Russell 2000 when I see them reasonably valued close to average. The fact that S&P is reasonably valued does not mean that other indices are reasonably valued.

It is exactly the opposite of situation in year 1999 during tech bubble. At that time, russell 2000 was reasonably valued while tech and large cap stocks were over valued.

 

I think many of us see the long term as you do: Debt piled on debt, FED not only as the lender of last resort but the enabler of first, last and always for all things cruch like. We really do get it but at the same time why would anyone fight the FED?

It might surprise you but many here on ET would like to accumulate more of those nearly worthless dollars because they still spend well. So they are long equities and, the more adventurous souls, long real estate as well. And they are doing very, very well if they have chosen well and doing pretty well if their choices were just average performers.

I have one question for you: Would you sell equities, buy more or short them NOW? The now is important because your fellow ET members live now, invest and trade now and need to manage their finance now. At the open tomorrow what would you do?