Posted on 04/14/2016 4:27:49 AM PDT by expat_panama
the P/Es for sp and Nasdaq are, I think, 27 and 23.
they were as high as SEVENTY ONE in 2008. That worked out well.
While they are too high for my liking, I see a correction and not a collapse unless of course the world economy collapses, then all bets are off.
Good morning and the stock market rally resumes!
Yesterday's indexes closed up in rising volume and w/ market leaders showing the way and metals are well placed in a solid longer term base. This morning's futures are up/mixed for stocks and off/mixed for metals, and the only econ news sceduled is the Fed's Beige Book this afternoon.
Meanwhile:
President Obama Intensifies His War on Prosperity - Steve Forbes, Forbes
The U.S. Now the Least Ugly Economy - Robert Samuelson, Washington Post
Obamacare Premium Increase Understates Sad Reality - Editorial, IBD
Bernie Sanders' Plan to Punish the Working Class - Robert Bryce, NRO
Interview with Federal Reserve Chair Janet Yellen - Rana Foroohar, Time
OPEC Can't Influence a World Broken by Debt - Jeremy Warner, Telegraph
You're Being Robbed by Social Security System - William Baldwin, Forbes
What is the story about the meetings going on with the Fed this week? The first news I heard Monday morning was the Fed was going into an unscheduled emergency secret meeting Monday, then was going to have a meeting with Obama and Biden that afternoon and then Obama was going to have a public announcement Tuesday at 3 PM.
Then I heard the Fed was going to have meetings Monday, Tuesday, and Wednesday mornings....
Meanwhile, the hot political issue for today is men dressed as women being able to use the women’s restrooms.
Our $20 trillion in debt nation is close to economic disaster and our citizens are being led to focus on LGBTQBS.
Yeah, I've been selling some, but I'm still keeping most. I'm in "the trend is our friend" mode.
All in all I agree with your prediction. As you said the big caveat is the rest of the world.
GDO=GDP
Yeah, Yellen's good at that. My private take is that last Dec. she caved to the "obamanomics is great" crowd and raise rates last Dec., and has regretted it ever since. Sure, we got a lot of positive signs, but we also got one heck of a lot of negs too.
Agreed.
I almost ######ed up big time about a few months ago, when the dow was in the 16000s. Told wife she might have to move asset but just wait a little longer.
That was CLOSE!!
I pulled out of the market completely in Aug. 15, put 15% back in in ETF’s, etc. that go up with deflation/poor economy and select residential real estate .......
We are up 26% or more for the year...........
But finger on the trigger ready to react if the bull comes back......highly unlikely as I see it.........
and that’s a big caveat with China, Japan and others running 200 plus percent of GDP debt!!
I’ve been eying the currencies and EUR and AUD are holding on to their gains from the past six weeks.
AUD/USD was at .68 not long ago. Now closing on .77.
Eur/Usd bounced off 1.08 and has held 1.13 for a while.
Once the dollar clobbering all trend reverses, there’s gonna be a lot of money to be made there.
But be careful with 5000 percent margin!!!!!!
Some companies offer 50,000!!! percent margin!!!
“It doesn’t matter! We owe it to ourselves!”
/sarcasm
True, although when you pick up a newspaper with a pic of some guy in drag in the Ladies --along side a table of budget numbers, we all know what catches the eye first.
Thanks gloBULLism, thanks Free Trade.
It's a matter of time frame. True, indexes are down a % or two year-to-date, but they're also up say 15% from Feb.'s dip.
True, although when you pick up a newspaper with a pic of some guy in drag in the Ladies —along side a table of budget numbers, we all know what catches the eye first.
In a long ago time, they called it “bread and circuses”
study
It’s a feint.......won’t last......IMHO........
As gov't policy it's outdated. In today's info age it no longer matters what 'catches the eye' because the voter can click elsewhere real fast. We all can see what's happening, and if we chose not to we have to understand that the consequences are not because everything's 'rigged'; we chose not to look.
This victimhood 'rigged' song'n'dance is for crybabies. mho
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