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  • Keep buying the dips..stocks are insanely cheap  [Edit or Delete]3 comments
    May 17, 2011 11:36 AM

    The PE ratio for the S&P 500 is still ONLY 15 depite a (100%!!!) rally from the March 2009 lows. 

    Also note how PE ratios FELL between 2002-2007 as stocks surged- the first time in history PE ratios have fallen in a bull market. That's a testiment to how strong the economy was under George W. Bush & Greenspan, despite being extremely unpopular in the polls and blogosphere. If fiscal conservative, isolationist politicians like Peter Schiff or Paul Volcker ran the economy we'd probably be at dow 7000 now with a PE ratio of 23. The truth is the economic policies of the past decade were extremely effective and that's why Obama and Bernanke are emulating them now, and why stocks are rallying.

    Low PE ratios combined with perpetually low interest rates it why we're due for a market breakout of epic proportions. Dow 16,000 next year? Maybe. Job creation, falling gas prices, smaller deficits, ending of the war of Iraq/Afghanistan? Don't count it it.  The economy is more than capable of booming with $5/gallon gas, $120 oil, 9% unemployment, more preemptive war, more skool crowding, more poverty, more foodstamps, and unafordable heathcare & education. Infact, acording to dyseconomics those things are bullish.

    Mainstreet's loss is Wall st's gain, so to be a winner you need to buy the dips. Buy UGA, buy GLD, and stop complaining about debt, job loss, reckless spending, and stuff like that.

    Predictions for 2011 & 2012: bigger bonusses, blowout earnings, more leverage, more bank bail, more risk taking, Facebook IPO, falling dollar to new lows, huge bull market

    MItt Romney is here to stay

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  • Is this irony, or for real?
    23 May 2011, 04:40 PM Reply Like
  • A simple question for you Mr Creeper: were you this insanely bullish in MARCH 09, when you should have been, or has all this optimism come after the two year dead cat bounce, the most rapid doubling of the S&P we've ever seen?
    17 Jun 2011, 10:04 AM Reply Like
  • I have been bullish for years.
    21 Jun 2011, 11:41 AM Reply Like
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