This is why people aren't buying

the tech bubble back on 00 - 02 was different.

dot com companies back then were worthless companies making zero money and heavily in debt.

 

And GM is different how???

 

well If GM and Ford is your only focus, then ya it's no different.

but who wants GM or Ford ? dead money for a long time to come.

 

Well lets hope so......do some research on the ALREADY written "iPatriot" bill which is just waiting in the wings for a "i9/11" false flag op. If this ever gets passed, the internet will be very different from what we have now......unfortunately.

 

Even after this week, the P/E on the SP500 is still about 16x.

Expectations are for "E" to fall significantly further... and for the multiple to contract.

If earnings drop to $30, and the P/E drops to 10, = Dow <3000.

 

Exactly!
Like Cisco, which went from 80 to about 11 in 18 months
they still dont make anything at all - they just advertise

 

You mean there's a company attached to that stock?

 

Personally, I'm not buying anything until the US turns this fiasco around and the technicals show the market is bullish.

I don't need to buy the absolute low to feel confident.

Daniel

 

Bingo!

We have no idea what companies will be left standing so why jump the gun. I won't be on forward earnings estimates. PE's can be wrong. Price action is price action. If it goes down that's the way. If we turn around and start breaking ground on a bull, that's the way.

 

And one month later GOOG is a "steal" under 300. The market action just confirms my point. Ain't no buyers, let alone investors.