Could I ask you a question? Why in the hell you post such stupid article. The only predictions that matter are the ones before the fact. I announced here on ET and on EFT financialtrading blog the bottom on November 21 at 2:37PM (go check it in the history). At the time you may have been one of the people insulting me. Now that we are way away from the bottom, you become bullish. When are you going to learn? Those articles are meant for people who buy at the top and sell at the bottom. Stop posting worthless (damaging) information.
I have not become bullish as of yet. The point of me posting the article was to really demonstrate the foolishness of such articles. Bullish articles predicting bottoms do not mark market bottoms. In fact, such bullish articles are when fools are made. In looking at the charts, November 21st was an extremely oversold high volume condition where price went deep under the lower Bollinger. Funds usually are ending their tax-loss selling by that time. I am honestly not certain if that was the bottom or we were just in a rally from November until now because everyone ended their selling. In the next 5 days, the probability will become more clear. Today was a low volume day with many a trader off on vacation. We also hit the top Bollinger band today which usually marks the end of that classic trade where price sells deep under the lower Bollinger and then rebounds to the top.
what perspective, idiot? My perspective is jobless claims, unemployment, consumer spending. Markets are completely irrational right now, does this mean we should throw ourselves against a running train? No, but I will for sure not proclaim this is all over because IT IS NOT! Lets wait till the future REALITITY is gonna get priced back into the market then we will see who was right.
We aren't at 20. The top down estimates for operating earnings for S&P are around 60/share right now. That is 15.5 PE. Considering the 30 year bond has around a 37 PE right now, stocks aren't such a bad value. When valuing a market, I don't think 'as reported' estimates are as valid to use, since asset markdowns (which drive reported earnings down) will be lopsided in the recovery's earnings with asset writeups. Operating earnings provide a more normalized view. The last time stocks had a dip under 10 PE interest rates were much higher. This tells you how much cash there is floating out there to propel the next bubble higher. I'm referring to S&P's estimates.
Stock_Trad3r is a paid poster of ET, he posts the way he does to generate web traffic for the site. He will deny it to no end but he knows he is compensated to post at ET.
We are at 20, and even 15 is high! Also, I never mentioned anything about high interest rates. I was talking about an over-extended credit market (not necessarily the same thing). Also, the last time we diped below 10 was around 1982 and yes, yields were very high. However, we had already been hovering around 10-12 since before 1975--a time before high interest rates were put into place to combat inflation.
George Bush was the Best-ever USA president. Vladimir Putin and George Bush were good friends. What further improvements and better policies can Barak Obama make/implement, which George Bush could not make. It's a dead end and there is no way out.