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Reply #17: I think you're right, Bucky. Here's why . . . [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
mistertrickster Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-04-09 05:14 PM
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17. I think you're right, Bucky. Here's why . . .
1. Historically, the stock market always comes back. It did it in 1929 to 1939 and it'll do it again.

2. Even after the market went down 2000 points under BushCONs, stocks were still a pricy 24 to 1 (or so) Price to Earnings ratio.

Now the P/E is 12 to 1. Historical average is about 16 to 1.

But wait, there's more. Right now, earnings suck. They suck blue whale. As soon as earnings go up, P to E will be even better.

3. Big hedge funds are already buying up fire-sale condos in Florida. The people who make the big bucks have the guts to buy into a bad market. That's what "buy low, sell high" means. It doesn't mean waiting until everybody else is buying and then following the herd.

Bon chance, mon amie!

No guts, no glory.
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