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chisel
05 Nov 09 16:21
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Date Joined: 19 Sep 08
| Topic/replies: 1,585 | Blogger: chisel's blog
Serious question?

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Replies: 21
By:
Menelaus
When: 05 Nov 09 16:45
What do you think, chisel, with the S&P 500 P/E ratio at almost 138 should we be panicking?

http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_500/2,3,2,2,0,0,0,0,0,0,11,0,0,0,0,0.html

The markets have broken down, chisel. If you were trading on fundamentals the last 6 months you had your head handed to you on a plate. The only thing driving the markets now is massive money printing. And it'll work until one day (soon) it doesn't.
By:
Menelaus
When: 05 Nov 09 17:11
DISCLOSURE: short positions in C & WFC, long positions in hard assets

Mark-to-Fantasy accounting, TLGP eligibility ($340 billion debt issued backed the program) because you are a major industrial conglomerate but you own one small community bank in Utah, the FED's myriad of alphabet soup lending windows, obfuscation, fraud and regulators turning a blind eye have taught me my lesson.
By:
ciric21
When: 05 Nov 09 17:54
'soon' being defined as any period between tomorrow and the end of time imo.
By:
Menelaus
When: 05 Nov 09 18:11
"soon" is defined any way you want to define it. It's your money after all. Get it right and profit, get wrong and.........
By:
chisel
When: 06 Nov 09 12:59
Menelaus!!

S & P eh?? I thought we were talikng about the FTSe and the DOW!!

BIG BIG DIFFERENCE!
By:
Gooseman
When: 06 Nov 09 13:12
10.2% unemployment.
By:
setup
When: 06 Nov 09 14:14
89.8% employed :)
By:
chisel
When: 06 Nov 09 14:20
That was a funny hour. Up 20 down 40 up 20 again!! Doesnt look like they are too bothered about 10.2% unemployment does it?
By:
uptheowls
When: 06 Nov 09 14:39
set up - if only 89.8% were employed.
By:
Gooseman
When: 06 Nov 09 14:39
no mate-everything is just fine.
By:
taffy
When: 06 Nov 09 22:22
Roubini sees this as a massive bubble largely financed by QE and leveraged positions taken on a devalued dollar. While the bubble may still have some way to go there will be the mother of all pops when it happens. Karl Denninger has already noted some key indicators staring to go off but cannot define the time lag before it effects.
By:
chisel
When: 09 Nov 09 10:41
Roubini FFS!!

Last week Mikaad saw the market dip slightly and now it is back on track. This has the makings of a sustained rally, with regular profit taking along the way. I would not like to be shorting at the moment
By:
HarryCrumb
When: 10 Nov 09 15:14
Do you even know who Roubini is?
By:
mr milk
When: 10 Nov 09 16:01
plays for Leicester?
By:
FINE AS FROG HAIR
When: 10 Nov 09 19:45
He's one of those economist type guys isn't he ?
You know the ones who get as many things wrong as they get right.
By:
chisel
When: 11 Nov 09 08:27
Harry , he gets carried away with the euphoria of his own opinions. Put some of his interviews up from last year and he appears to be a financial genius..The only man to predict Exactly what happened!.. But..................
By:
Gooseman
When: 11 Nov 09 09:23
broken clock and all that chis....everyone is a nostradamus once mate. you know all about this.
By:
chisel
When: 11 Nov 09 11:51
Goose

LOL, I know what you mean.
By:
uptheowls
When: 11 Nov 09 12:44
I agree with Chisel on this one.
By:
Menelaus
When: 11 Nov 09 14:23
chisel, thanks for pointing out that S&P is different than FTSE & DOW. I had no idea.

In other words, you are trying to point out that although the P/E for S&P is 138, the P/E for DOW and FTSE could still represent value (say at 14 for example) because they are different. I suppose in the parallel universe you seem to live in, anything is possible.
By:
chisel
When: 11 Nov 09 14:39
Menelaus

That is harsh!

I am mereley suggesting that it is likely that some of these mega companies that were oversold during the dark days are going to see teh share price rise as they continue to post good results. The Dow and FTSE have companies that are going to benefit most from QE and Bail outs and Stimulus. That is what I am saying
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