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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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  -NY stock exchange has lost 52% of its value in 18 months. (An optimistic rant) Bucky  Mar-04-09 09:05 AM   #0 
  - Well said!  Tigermoose   Mar-04-09 09:17 AM   #1 
  - Good luck with that...  Loge23   Mar-04-09 09:20 AM   #2 
  - As long as companies are given the same (more?) rights as individuals....  paparush   Mar-04-09 11:02 AM   #10 
  - me too--we have no choice but to believe.  ginnyinWI   Mar-04-09 09:21 AM   #3 
  - me too!  mimitabby   Mar-04-09 09:28 AM   #4 
  - I really could not aford it but  Froward69   Mar-04-09 09:55 AM   #5 
  - Fords coming out with some really good green cars, 5 speed transmission and upgraded  uponit7771   Mar-04-09 10:05 AM   #6 
  - Values are getting pretty close to companies inherent worth.  lumberjack_jeff   Mar-04-09 10:26 AM   #7 
  - I share your optimism  StrongBad   Mar-04-09 10:47 AM   # 
  - I share your optimism  StrongBad   Mar-04-09 10:47 AM   #8 
  - A 50% off sale, however, means nothing...  Pab Sungenis   Mar-04-09 10:54 AM   #9 
  - You really think the market is not going to go up past 8000 in the next 15 years?  Bucky   Mar-04-09 03:26 PM   #12 
     - 15 years? Maybe.  Pab Sungenis   Mar-04-09 03:45 PM   #14 
  - Yip. I look at it as a sale as well. We'll see.......  slutticus   Mar-04-09 11:56 AM   #11 
  - I will become more optimistic when the dead flesh gets cut off  musiclawyer   Mar-04-09 03:41 PM   #13 
  - The way I look at it...  regnaD kciN   Mar-04-09 03:55 PM   #15 
  - Bottom line is that the market hasn't been trading on fundamentals  depakid   Mar-04-09 04:12 PM   #16 
  - I think you're right, Bucky. Here's why . . .  mistertrickster   Mar-04-09 05:14 PM   #17 

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